Paramount in Talks to Sell BET Network for $1.6 Billion
- Discussing offer from BET CEO and CC Capital’s Chinh Chu
- New interest after Paramount talks with Skydance fell apart
Paramount Global is in exclusive talks to sell its Black Entertainment Television network to buyers that include BET Chief Executive Officer Scott Mills and Chinh Chu, who runs the New York-based private equity firm CC Capital.
The group has been discussing an offer of $1.6 billion to $1.7 billion, people familiar with the matter said, asking not to be named revealing information that’s not public.