(Reuters) – Paramount Global is in talks to sell its Black Entertainment Television network to a management-led investor group, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The potential buyers include BET Chief Executive Officer Scott Mills and Chinh Chu, a former Blackstone executive who runs New York-based CC Capital Partners, the report said.
A price of a little under $2 billion has been discussed, according to the report.
Paramount did not immediately respond to a Reuters request for comment.
(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shailesh Kuber)
