Byron Allen, Tyler Perry and Sean “Diddy” Combs put in bids to purchase Paramount Global’s majority stake in BET Media Group, which includes BET, BET+ and VH1.
Paramount Global has decided not to sell its majority stake in BET Media Group. The conglomerate reportedly considered selling the stakes as early as this past March.
BET Media Group includes the BET cable network, the BET+ streaming service and the VH1 cable network. Paramount stated it decided that a sale of the majority stake wouldn’t end with any worthwhile reduction in the company’s liabilities, according to today!
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