Tyler Perry spilled the tea on the dramatic events that took place behind the scenes during the intense battle to acquire BET.
Earlier this year, BET was up for grabs, attracting numerous influential players in the media industry who were eager to take ownership of the network. Alongside big names like 50 Cent, Diddy, and Byron Allen (according to reports), Tyler Perry made it abundantly clear that he was determined to acquire a majority stake in the BET Group, which includes BET, VH1, and the streaming service BET+.
In a surprising turn of events, Paramount Global later revealed that they won’t be selling BET after all. Apparently, they realized that getting rid of the network wouldn’t help them with their debt.
Before changing their mind, word was spreading that BET had hiked up their asking price to $3 billion. Tyler Perry, who already has a piece of the BET pie, supposedly had second thoughts about coughing up that kind of cash. He opened up about the series of events during a speaking engagement at the Bloomberg Summit on Black entrepreneurship in Atlanta. He said,
“I was disappointed about it for a number of reasons. The way it happened was disrespectful in a lot of ways… Don’t try to get me to pay for something that’s not worth anywhere near the value.”
Perry went on to give them his well wishes,
“God bless them. I’m still working with them. I wish them the best.”
#Clique, what are your thoughts?
