Barry Diller’s IAC Mulling Bid to Gain Control of Paramount Global: Report
variety.comTodd Spangler NY Digital Editor Is Barry Diller looking to charge back into Hollywood? IAC, the internet media and publishing conglomerate led by Diller, is “exploring” a bid to acquire Shari Redstone’s National Amusements Inc., the company that owns a controlling stake in Paramount Global, the New York Times reported Monday, citing anonymous sources.
IAC has signed nondisclosure agreements with National Amusements Inc. to perform due diligence on a deal, per the Times report.
Diller once ran Paramount Pictures — and tried to buy the studio in the 1990s, before he was outbid by Sumner Redstone (the late father of Shari Redstone).
In March 1994, Viacom acquired control of Paramount in a deal worth about $10 billion. An IAC spokeswoman declined to comment.
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