Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Wednesday, January 31st. I'm Julie Morgan.

Paramount Global gets a $14 billion offer from a major media name.

A judge rules against Elon Musk and WMT is splitting.

Paramount Global is up more than 20% in pre-market trading

after media mogul Byron Allen makes an offer for the company.

Allen made a $143 billion dollar bid for Paramount.

According to a Bloomberg report late Tuesday, which cited people familiar with the matter,

Allen offered $28.58 each for the voting shares of Paramount, a 50% premium to recent trading,

and $21.53 for the non-voting shares, including debt, the total value of the deal is $30 billion.

Alan's company, Alan Media Group, confirmed that he made an offer in a statement to Bloomberg News.

Representatives for Paramount declined to comment.

Alan's company said in a statement that this $30 billion offer which includes debt and equity is the best solution for all

Paramount global shareholders and the bid should be taken seriously and

pursued. According to the Bloomberg report on Tuesday, Alan wants to sell Paramount Film Studio, real estate, and some other intellectual

property.

He wants to keep the TV channels, including the Paramount Plus streaming service.

Alan has banks and other investors lined up to help finance a deal.

A Delaware judge has voided the $55.8 billion pay package awarded to Elon Musk by Tesla.

The ruling comes after Musk was sued by a shareholder who said the Performance-based stock option grant approved in 2018 was offered

and approved by a compensation committee and board that were unduly influenced by

Musk and allowed him to become a highly paid part-time CEO.

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