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The proposal, which marks Allen’s latest play to bolster his media holdings, is expected to be financed through a combination of secured and unsecured senior debt and equity.
In a scathing critique of Paramount’s decision, Allen accused the conglomerate of orchestrating a “lowball inside deal.”
Allen’s media dominance built on varied, successful company foundations.
Discover Allen’s extraordinary journey from a budding comedian to a renowned media mogul.
After pursuing a majority stake in BET Media Group, Allen’s recent bid represents a major development in the rapidly evolving media landscape.
Combs plans to build a multi-billion-dollar Black-owned media giant.
Allen is a force to reckon with in the media industry.