Byron Allen

Media magnate Byron Allen has shown interest in acquiring Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA), intending to privatize it before eventually launching an IPO, as revealed on CNBC’s “Last Call.” What Happened: During a discussion with Brian Sullivan on CNBC on Tuesday,...

Media magnate Byron Allen has shown unwavering support for Disney (NYSE:DIS) CEO Bob Iger despite the company’s ongoing struggles. What Happened: Allen expressed his confidence in Iger on Tuesday, during CNBC’s “Last Call” on Tuesday. This comes during a challenging time for...

Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) will report fourth-quarter financial results after market close Wednesday. Analysts expect fourth-quarter revenue to hover at around $7.85 billion, according to data from Benzinga Pro. That’s less than the $8.13 billion it reported for the same...

Major U.S. indices flashed red on Wednesday after the Federal Reserve maintained interest rates between 5.25% and 5.5%. The Dow Jones Industrial Average closed 0.8% lower at 38,150.30 for the day, while the S&P 500 fell 1.6% lower at 4,845.65. The Nasdaq ended Wednesday down 2.23% at 15,164.01...

Media mogul Byron Allen has reportedly made a $14.3 billion offer to acquire the entire outstanding share of Paramount Global. What Happened: Allen’s company, Allen Media Group, confirmed the offer in a statement to Bloomberg on Tuesday. The offer includes $28.58 for each voting share, a 50%...

A U.S. district judge has ordered McDonald's Corp (NYSE: MCD) to defend itself against a racial discrimination lawsuit filed by media baron Byron Allen.  Allen's $10 billion lawsuit accuses McDonald's of marginalizing his company into an "African American tier...