Byron Allen's $10B Bid Shakes Up Disney's ABC Network

Comedian and media mogul Byron Allen has reportedly made a $10 billion offer to acquire ABC, FX, National Geographic, and local stations from Disney. The offer is preliminary and could change, and Allen would work with banks and private equity firms to finance the deal. Disney has not publicly acknowledged the offer but has expressed openness to considering strategic options for its linear businesses. Allen may sell off non-ABC affiliated local TV stations he already owns to avoid tensions with other networks. Allen has previously invested in media assets but has also faced debt.