Media Mogul Byron Allen Places $10B Offer For Disney Networks Including ABC And FX, Report Says

Bloomberg’s source disclosed that Allen’s offer is preliminary and subject to change. Whether he will follow through with the $10 billion bid is said to be contingent on multiple factors.

“Allen is basing his offer on the assumption that the properties generated $1.25 billion in earnings before interest, taxes, depreciation and amortization over the past 12 months,” Bloomberg reported. “If that number is lower or higher, Allen would change his proposed price, which is based on a multiple of eight times ebitda.”