Part 3/10:
Allen’s bid centers around acquiring ABC and its key cable assets, including FX and National Geographic. His offer emphasizes the importance of profitability, specifically targeting an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of approximately $1.25 billion annually to justify his $10 billion bid. However, estimating the actual profitability of these assets is complex because their financials are not publicly broken out, making such valuations quite challenging.