Barry Diller's IAC explores bid to take control of Paramount, NYT reports
-Billionaire Barry Diller's digital-media conglomerate IAC is exploring a bid to take control of Paramount Global, the New York Times reported on Monday, citing four people with knowledge of the matter.
Shari Redstone, controlling shareholder of National Amusements, abruptly ended talks with David Ellison's Skydance Media last month, killing the potential sale of a stake in Paramount Global to the independent studio. Earlier in the day, CNBC reported Paramount was holding talks with other media and tech companies to determine a viable structure where its streaming platform Paramount+ can be merged with another streaming entity and potentially co-owned.
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