Byron Allen's Ambitious $10B Offer For Disney's ABC Network And More
Portfolio Pulse from Anusuya Lahiri
Media mogul Byron Allen has made a $10 billion offer to acquire parts of Walt Disney Co's (NYSE:DIS) media empire, including the ABC TV network, local stations, FX, and National Geographic cable channels. The offer is based on the assumption that these properties have generated $1.25 billion in EBITDA in 2022. Disney has also reportedly begun discussing the potential sale with Nexstar Media Group Inc (NASDAQ:NXST).
September 15, 2023 | 10:41 am
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POSITIVE IMPACT
Byron Allen's $10 billion offer to acquire parts of Disney's media empire could potentially impact Disney's stock.
The news of a potential acquisition of parts of Disney's media empire by Byron Allen could lead to an increase in Disney's stock price in the short term as it indicates a strong interest in the company's assets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Disney has reportedly begun discussing the potential sale with Nexstar Media Group Inc.
The news of potential discussions between Disney and Nexstar Media Group over the sale of parts of Disney's media empire could lead to an increase in Nexstar's stock price in the short term as it indicates potential growth opportunities for the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80