Paramount Stops Sale of BET After “Disappointing” Perry Bid

Paramount has scrapped an auction of Black Entertainment Group as bids from prospective buyers including media mogul Tyler Perry were disappointing.

The auction of BET — which operates cable channels VH1, BET and streaming service BET+ — kicked off earlier this summer but hit a roadblock after “Madea” creator, Perry refused to raise his $2 billion bid to meet Paramount’s asking price of $3 billion, The Post previously reported. BET’s owner Paramount Global quietly notified bidders late Wednesday that it had cancelled the sale.

“We made this decision because the benefits of maintaining a majority stake in BET Media Group creates more value for Paramount than any of the proposals we received,” a source close to Paramount told The Post.

Have you cut the cable? Do you still like BET?!

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