Media mogul Byron Allen has offered $14 billion for Paramount Global.
Allen told CNBC on Wednesday that he has the money to finance a deal, despite what it said was skepticism around his deal-making.
“We have more than enough capital available to us. The real challenge is certainty of close,” Allen said. “This deal lives or dies at the [Federal Communications Commission],” he added.
Allen is the founder and CEO of Allen Media Group, which owns 28 network-affiliated stations in 21 markets.
The Wall Street Journal reported Wednesday that Allen last year offered $18.5 billion for Paramount, and was rejected. Allen told CNBC he hasn’t received a response from Paramount to his most recent offer.
CNBC listed out his offers that failed to materialize:
In December, Allen renewed an attempt to buy Paramount-owned Black Entertainment Television and VH1 for a combined $3.5 billion.
In November, Bloomberg reported, he was weighing a bid to buy television stations from E.W. Scripps.
In September, Allen made an offer to buy ABC and several other networks from Disney
for $10 billion after Disney CEO Bob Iger opened the door to selling the company’s linear TV assets.
In 2022, he explored a bid to buy the National Football League’s Washington Commanders.
In March 2020, he offered $8.5 billion to buy television stations owner Tegna