Byron Allen, media mogul and CEO of Allen Media Group, has offered $14 billion to acquire Paramount Global. Allen claims to have the necessary capital for the deal, but his track record of failed bids raises skepticism. Paramount has not responded to his latest offer. Paramount, owned by Shari Redstone's National Amusements, has been exploring potential deals and partnerships amid changes in the media industry. Allen's bid for Paramount is his most ambitious yet, as he aims to acquire the company's linear networks. Paramount's streaming platform, Paramount+, has seen subscriber growth but has yet to turn a profit.

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