Paramount Global (NasdaqGS:PARA) is in exclusive talks to sell its Black Entertainment Television LLC network to buyers that include BET Chief Executive Officer Scott Mills and Chinh Chu, who runs the New York-based private equity firm CC Capital. The group has been discussing an offer of $1.6 billion to $1.7 billion, people familiar with the matter said, asking not to be named revealing information that?s not public. Last year, the same group had discussed an offer of a little under $2 billion, Bloomberg reported in December.

Chu and Mills are rekindling discussions with Paramount for BET after Shari Redstone, who has a controlling stake in Paramount, walked away from a proposed merger with Skydance Media, the company led by David Ellison. Representatives for Paramount and Chu declined to comment. Mills didn?t respond to a request for comment.