DeepNewz Markets

Markets Stories

Search

Loading...

Browse all stories on DeepNewz

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.

View original story

Markets

Loading...

Looking for markets...

Will CC Capital acquire BET Network by end of 2024?

Paramount Global•Black Entertainment Television•BET•Scott Mills•Chinh Chu•New York•CC Capital•Paramount•National Amusements

Resolution / Starting Odds

No • 50%

Yes • 50%

Official announcements from CC Capital or BET Network, financial news sources like Bloomberg or Reuters

Will Paramount Global sell BET Network by end of 2024?

Paramount Global•Black Entertainment Television•BET•Scott Mills•Chinh Chu•New York•CC Capital•Paramount•National Amusements

Resolution / Starting Odds

Yes • 50%

No • 50%

Official announcements from Paramount Global or BET Network, financial news sources like Bloomberg or Reuters

Will Scott Mills become owner of BET Network by end of 2024?

Paramount Global•Black Entertainment Television•BET•Scott Mills•Chinh Chu•New York•CC Capital•Paramount•National Amusements

Resolution / Starting Odds

No • 50%

Yes • 50%

Official announcements from BET Network, financial news sources like Bloomberg or Reuters

How will Paramount Global's stock price change within 3 months post-sale?

Paramount Global•Black Entertainment Television•BET•Scott Mills•Chinh Chu•New York•CC Capital•Paramount•National Amusements

Resolution / Starting Odds

Decrease by more than 10% • 33%

Change within ±10% • 34%

Increase by more than 10% • 33%

Stock price data from financial markets and sources like Bloomberg or Reuters

What will be the sale price of BET Network?

Paramount Global•Black Entertainment Television•BET•Scott Mills•Chinh Chu•New York•CC Capital•Paramount•National Amusements

Resolution / Starting Odds

Less than $1.6 billion • 33%

More than $1.7 billion • 33%

$1.6 billion to $1.7 billion • 34%

Official announcements from Paramount Global or BET Network, financial news sources like Bloomberg or Reuters

Who will acquire BET Network by end of 2024?

Paramount Global•Black Entertainment Television•BET•Scott Mills•Chinh Chu•New York•CC Capital•Paramount•National Amusements

Resolution / Starting Odds

CC Capital • 33%

Scott Mills • 33%

No sale • 34%

Official announcements from Paramount Global, BET Network, and financial news sources like Bloomberg or Reuters