ATLANTA — The rumored/reported purchase of BET by Tyler Perry has made waves this week on social media, but it has one slight drawback: As of now, it's completely unsubstantiated.

An original report catches on, blogs or social accounts with huge followings on platforms like Instagram spread the report and if the report turns out to be lacking it's very hard to put the horse back in the barn.

But here's what we know in this situation.

So, to recap: Perry has not bought BET, but reporting from the last few months indicates he is trying to take control of the company. It certainly remains a strong possibility Perry will purchase majority control - it just hasn't happened (and of course, may not happen at all).