Tyler Perry’s final bid for BET falls sorely short of $3B asking price

[Elim Garak]

gtfo.. this old white lady is aware that BET will be worth much more once its bought by one of these brothers. So she's trying to bake its future value into the sale. There's nothing on BET currently that justifies a 3B sale. Perry already has a good stake in the most valuable part BET+. May as well just keep it pushing until she's gone or it switches hands again.

When buying a network isn't it more about the infrastructure than the current shows?

 

[rabbid]

When buying a network isn't it more about the infrastructure than the current shows?

Tyler Perry has a content deal so he's invested in building the network as it is. She's selling the future of the company and the infrastructure. I'm just saying she knows its not worth 3B as it is so she knows they're planning on investing in it. Even with the infrastructure the value hasn't really increased since they bought it. As well, like the article mentioned, there's bonuses coming if it becomes minority owned that she wouldn't get.

 

[Sir Richard Spirit]

I think BET and VH1 are a package deal. That explains the price.

I still think BET has value. I believe BET should take the ESPN approach and do mainly live shows.. Debating and discussing current music/entertainment stories as they happen. It’s the only way to compete with online content.

 

[MajesticLion]

@ the image mashup headlining that article

 

[Secure Da Bag]

$3B????

Paramount boss Shari Redstone — whose father Sumner Redstone paid $2.7 billion for BET in 2000 when the media empire still operated under the Viacom banner — is expected to decide whether to accept or reject the lowball offers in the coming days.

If you account for inflation, Paramount is still losng money on that deal.



Perry and Allen should come together and buy the company.

The “Madea” creator has offered $2 billion for BET Group — whose properties include cable channels BET and VH1 along with the BET+ streaming service — to meet Paramount’s final bidding deadline last week, according to insiders.

“I’ve heard he is at two or under two,” a source close to the situation told The Post.

The underwhelming bid from frontrunner Perry — who already owns a 25% stake in BET+ and has private equity backing for his offer — further raises doubts as to whether BET will get sold at all.

On one hand, Perry’s lowball offer leaves the door open for another suitor, the comedian-turned-media-mogul Byron Allen, who put in a bid of roughly $2.7 billion, according to one source close to the auction.

 

[Astroslik]

gtfo.. this old white lady is aware that BET will be worth much more once its bought by one of these brothers. So she's trying to bake its future value into the sale. There's nothing on BET currently that justifies a 3B sale. Perry already has a good stake in the most valuable part BET+. May as well just keep it pushing until she's gone or it switches hands again.

That’s how valuation works

 

[AJtheOne]

I thought Tyler owned it already . All they show is his movies all day with a million commercials

Wasn’t 50 and Shaq in a group that was going to buy Bet? maybe that was a rumor

 

[Pegasus Jackson]

BET ain't worth a crawfish mac and cheese stuffed drumstick at Turkey leg hut in 2023.

 

[Pegasus Jackson]

I know Byron Allen been getting it in silently for a long time but didn’t know he was up there like that. I need to do my homework.

Well, he had to try something because if you've seen his stand up you realize that was not his calling.

 

[CHICAGO]

LMAO @ PAYING 3 BS
FOR BET IN 2023.

2 BILLION WAS ALREADY
OVERPAYING...
VIACOM JUST NEVER
WANTED TO SELL IT TO
THE nikka.

HAD HE COME UP
WITH 3 THEY WOULD HAVE
SAID 3.5.


​

 

[⚡⚡⚡]

They have upped the price after that old man was gettin some head from that nurse tyler perry episode.

 

[Artificial Intelligence]

BET ain't worth a crawfish mac and cheese stuffed drumstick at Turkey leg hut in 2023.

That sound fire..

 

[Tommy Gibbs]

I thought he already owned it. I was out here happy for the man after the purchase I thought he had secured. It may be worth $3 billion because you've got to consider BET streaming that comes with it. And wasn't this purchase for BET and VH1? I don't know, I haven't been following it.

 

[Anerdyblackguy]

Nah Tyler is doing the right thing. Let the price go down.

 

[thelonious21]

2 black billionaires bidding on BET..