$(PARA)$ $(DIS)$ BET was valued at $2.7 billion when it was acquired by Viacom in 2000 (Now rebranded as Paramount), a hefty $38/sub and more than 21x cash flow. However, it is unlikely to fetch anywhere near that in this environment.

In the 2000’s, cable networks typically changed hands in the range of 14-20x cash flow, or Earnings Before Interest, Depreciation, Taxes and Amortization (EBITDA). Up until 2017, they continued to trade in the low to middle double digits. Since then, double digit deals have been rare (a notable exception being Walt DisneyDIS Company’s $36 billion acquisition of the 21st Century Fox cable networks at more than 15x cash flow in 2019).

# US Stocks Opportunities

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment14

  • Top
  • Latest
  • LesterTan
    ·2023-03-21
    Amazon is also investing in the entertainment industry. It has the muscle to eat others’ lunch.
    Reply
    Report
  • setia100
    ·2023-03-21
    Getting crowded 😅
    Reply
    Report
  • JaiVenky
    ·2023-03-21
    nicer
    Reply
    Report
  • Lhokie
    ·2023-03-21
    Nice
    Reply
    Report
  • CookieMon12
    ·2023-03-21
    Haha
    Reply
    Report
  • Galaxy121678
    ·2023-03-21
    ok
    Reply
    Report
  • aunteenat
    ·2023-03-21
    interesting
    Reply
    Report
  • Francislch
    ·2023-03-21
    🚀
    Reply
    Report
  • blu3ugene
    ·2023-03-21
    👍🏻
    Reply
    Report
  • saturnoziroh
    ·2023-03-21
    Ok
    Reply
    Report
  • ChosenPadawa
    ·2023-03-21
    Ok
    Reply
    Report
  • Ooi
    ·2023-03-21
    Meine
    Reply
    Report
  • Gregho
    ·2023-03-21
    😮
    Reply
    Report
  • AndyCHLim
    ·2023-03-21
    k
    Reply
    Report