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How will Paramount Global's stock price change within 3 months post-sale?
2
Paramount Global•Black Entertainment Television•BET•Scott Mills•Chinh Chu•New York•CC Capital•Paramount•National Amusements
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Stock price data from financial markets and sources like Bloomberg or Reuters
Story
Paramount Global in Exclusive Talks to Sell BET Network for Up to $1.7 Billion
Jul 2, 2024, 06:46 PM
Paramount Global is reportedly in exclusive discussions to sell its Black Entertainment Television (BET) network. The potential deal, valued between $1.6 billion and $1.7 billion, involves buyers including BET CEO Scott Mills and Chinh Chu, who runs the New York-based private equity firm CC Capital. This move, which has been rumored for weeks, comes amid broader strategic shifts within Paramount's parent company, National Amusements.
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