The Lakers Legend Shaquille O'Neal 2 Billion Failed Investment Reaction

The Los Angeles Lakers legend Shaquille O'Neal has been able to amass a massive fortune of around 400 million thanks to his NBA earnings, and endorsement deals but overall his investments in all kinds of business, especially in food franchises.

Shaq broke his silence after his bid to buy BET Media Group came up short. The Lakers icon O'Neal, the rapper Curtis Jackson, better known as 50 Cent, and the Lakers legend were among a group that was looking to buy BET from current owner Paramount Global. However, Paramount was asking for $3 billion, and O’Neal’s group only made a $2 billion offer.

“Paramount Global has scrapped an auction of Black Entertainment Group as bids from prospective buyers including media mogul Tyler Perry were disappointing, sources told The Post,” the New York Post’s Josh Kosman and Alexandra Steigrad wrote.

It would have been interesting to see O’Neal become a part of the ownership group for BET, but it turns out that maintaining the majority ownership of BET was more valuable to Paramount.

Shaquille O'Neal reacted to the offer rejection on social media

The Lakers legend Shaquille O'Neal took to Instagram to post the news of Paramount rejecting the offer and the big man reacted by writing the caption "We'll get them the next time," tagging 50 Cent and other members of the group that tried to buy BET.