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The private equity firm is allegedly in talks to acquire the entire of Paramount's assets, however it may also look to bid on specific assets within the conglomerate.

Paramount Global's subscription revenue grew 43% to $1.34 billion from $936 million the previous year, driven by subscriber growth and pricing increases for Paramount+.

The context of this deal is Paramount's strategy to expand globally the Paramount+ brand. It marks the debut of the mark in pan-Africa.

Paramount and Comcast are allegedly contemplating a streaming team-up that could lead to Peacock and Paramount+ bundled.

Media entrepreneur Byron Allen, Founder and Chairman of Allen Media Group, has submitted a US$30 billion offer for the debt and equity of Paramount Global.