ATLANTA  Months after he was reportedly interested in purchasing BET, Atlanta-based media mogul Tyler Perry revealed why the process didn't move forward. Paramount Global announced earlier this year that it was looking to sell its majority ownership for the channel.

The term bet  can be used in a few different ways, but generally means "agreed" or "okay". For example, if someone says "Wanna grab lunch later?" and the other person responds "Bet", it means they agree to the plan. Bet" can also be used as a response to confirm that a statement is true.