Paramount Halts Plans to Sell Majority Stake In BET
Diddy, 50 Cent, Kenya Barris and other media moguls are no longer in the running to purchase a majority stake of BET Media. Although false reports surfaced over the summer that Perry had acquired the multimedia company, on Wednesday (August 16), it was announced by the WSJ that Paramount Global pulled the sale. The company notified bidders that ending the sale process would not bring significant change to its balance sheet.The bids for BET Media Group –which includes the BET […]