Eyes Set on Buying Florida Based NBA Team, Millionaire Shaquille O’Neal Now Linked With $3,000,000,000 Deal
Follow Us
In the NBA, where charismatic figures dominate, few names radiate as boldly as Shaquille O’Neal. In October, the former Orlando Magic player expressed his desire to buy a Florida-based team, stating ‘I’m still looking to be an owner, and I’m interested in a certain team in Florida,’ before adding, ‘It’s not Miami.’ Till the big man makes that big decision, however, he has laid his eyes on another project.
Recent reports reveal that Shaq along with rapper 50 Cent, has emerged as potential buyers in the high-stakes bid for BET Media Group.
An ambitious bid from Shaquille O’Neal
ADVERTISEMENT
Article continues below this ad
This strategic move would not only establish the big man’s media influence but also open doors to a new avenue for Shaq to connect with his audience, through a platform that holds immense cultural significance. Rapper 50 Cent and NBA icon Shaquille O’Neal, along with other potential buyers like Sean “Diddy” Combs, are considering making an offer to buy BET Media Group which includes BET and VH1 networks.
Trending
Angel Reese Lures Michael Jordan to Do Something Which He has Never Done, Courtesy of Chicago Roots
May 06, 2024 07:43 AM EDT
Lakers News: Headache for Jeanie Buss and Rob Pelinka, as Ex-Coach Shuts Door on LA Return Following Ty Lue Decision
May 06, 2024 03:30 PM EDT
Days After $800K Loss, Bronny James Spotted at Shaquille O’Neal’s Daughter Me’arah’s 18th Birthday Bash
May 05, 2024 04:35 PM EDT
“Had to Stop When I Started Having Children”: Shaquille O’Neal Confesses Ending “Crazy” Habit After Fatherhood
May 06, 2024 05:40 AM EDT
“Feel Sorry for These Women”: Fans Turn On Caitlin Clark After Teresa Weatherspoon’s Address Amid WNBA’s Blunder With Angel Reese and Kamilla Cardoso
May 06, 2024 11:15 AM EDT
Get instantly notified of the hottest NBA stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
“Making Those Kids Bang Their Head”: Despite ‘Losing Money Every Time He Plays’, Shaquille O’Neal Reveals the Desire That Changed His Life
With a potential value of around $3 billion based on its yearly earnings. Bids for the company are expected to be submitted soon. Paramount Global, the current owner, has not commented on the potential sale. Tyler Perry, who has a close relationship with BET, expressed excitement about the opportunity, stating that it felt like a perfect fit for him. Perry has produced several shows and episodes for BET properties in the past year.
ADVERTISEMENT
Article continues below this ad
Shaping the future of media
BET has been facing some financial difficulties because fewer people are subscribing to cable TV. Over the last year, BET’s subscriber base has decreased from 74.7 million to about 69.7 million, as reported by Nielsen Cable Universe. While specific details of the bid and the potential ownership structure remain under wraps, insiders reveal that the focus is on acquiring the prominent cable channel, BET.
Watch This Story: After $39,000,000 Hit to His Paycheck, Ja Morant Gets a Stern Lesson From Shaquille O’Neal
ADVERTISEMENT
Article continues below this ad
Byron Allen, who owns various television, production, and film properties including The Weather Channel, has expressed his interest in acquiring BET. He has previously emphasized the importance of Black ownership for BET. Allen expressed support for other potential buyers such as Tyler Perry, P. Diddy, 50 Cent, and Shaquille O’Neal, stating that he is rooting for Black ownership of both BET and VH1. He believes that a new owner for the company will be determined soon as multiple parties are moving swiftly with potential bids.
As the bidding process for BET Media Group unfolds, the unexpected entry of Shaquille O’Neal has sent shockwaves through the industry. With his passion, influence, and proven business acumen, the acquisition of BET Media Group could mark a turning point in the media industry, bringing a new wave of creativity, diversity, and captivating content to audiences worldwide.
Edited by:
Jayant Chhabra