Paramount water tower and Byron Allen
Byron Allen wants to buy Paramount for $14.3 billion, but Wall Street doesn't think the deal is going to get done.
  • Media entrepreneur Byron Allen says he wants to buy Paramount for $14.3 billion.
  • Wall Street doesn't believe it — it thinks the company isn't worth more than $10 billion.
  • Who wants to buy a big TV company these days, anyway?

Allen Media Group says it wants to buy Paramount — the media conglomerate that owns CBS, cable channels like MTV and Comedy Central, and the legendary movie studio behind hits like Top Gun — for $14.3 billion.

But Wall Street doesn't think that's going to happen.