- Byron Allen offers $10 billion to purchase ABC, FX, and NatGeo
- This move comes as major entertainment entities are consolidating
- His acquisition strategy includes debt-free financing and valuing content as a critical asset
Byron Allen, a media tycoon, has proposed a staggering $10 billion acquisition of ABC, FX, and National Geographic. This comes amidst a wave of consolidation in the entertainment industry, as major players are merging and restructuring.
Allen, who founded Entertainment Studios, aims to expand his media empire’s reach through this massive deal. His acquisition strategy revolves around financing the purchase without incurring any debt and recognizing the importance of content as a crucial asset.