Wednesday, June 21, 2023

Tyler Perry Balks at BET Asking Price?


Two months ago Tyler Perry confirmed rumors that he was interested in purchasing BET [click here if you missed that]. 

Now there are reports that Tyler is balking at the $3 billion asking price...

Media mogul Tyler Perry refuses to cough up the $3 billion-plus that Paramount is asking in an auction of Black Entertainment Television — and the fierce haggling has begun to throw a sale into doubt, The Post has learned.
The “Diary of a Mad Black Woman” star has been considered the frontrunner to win the auction for BET Group, whose properties include cable channels BET and VH1 along with the BET+ streaming service.
But Perry is losing patience with the drawn-out process after making an offer that’s short of $3 billion — a price tag that other investors also consider to be lofty, according to a source close to the situation.
The filmmaker, who already owns a 25% stake in BET and BET+, has private equity backing for his offer, the insider added.
“He is used to getting his way and is frustrated,” the source said, adding that final bids are due by mid-July.
Perry could not be reached for comment.

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