Entertainment mogul Tyler Perry is refusing to pay the $3 billion price tag that Paramount wants for the sale of Black Entertainment Television (BET). This disagreement could risk the sale, according to The New York Post.
Perry, known for his “Madea” movies, was thought to be the likely buyer for BET Group. The group owns TV channels BET and VH1 and also the BET+ online service.
But Perry is getting tired of the long sale process after he offered less than $3 billion. Other buyers also think this price is too high, said a source close to the case.
Perry, who already owns 25% of BET+, has financial support from private investors for his offer, the source added.
The source said Perry is used to getting what he wants and is now annoyed.
Final offers are expected by the middle of July, and Byron Allen, owner of the Weather Channel is also a forerunner in the auction.
Tyler Perry has not made any public comments yet.