Media mogul Byron Allen’slatest takeover attempt: Paramount for $14 bn

Media mogul Byron Allen has extended yet another multibillion-dollar takeover offer — this time, a $14.3 billion bid to buy all of the outstanding shares of Paramount Global.

Allen offered $28.58 each for the voting shares of Paramount, a 50% premium to recent trading, and $21.53 for the non-voting shares, according to people familiar with his terms, asking not be identified because they aren’t public.

Including existing debt, the total value of the deal rises to about $30 billion.

It’s unclear exactly how Allen would pay for a takeover. He has also tried to line up funding in recent months to make a bid for several E.W. Scripps Co.