Barry Diller considers bid for National Amusements Inc., parent company of Paramount

From CNBC: 2024-07-02 16:50:05

Media mogul Barry Diller is eyeing an acquisition of National Amusements Inc., the controlling shareholder of Paramount Global. Discussions come after talks with Skydance on a merger fell through. Diller’s IAC is considering a bid, potentially exceeding $2 billion. He believes legacy media should focus on broadcast and pay-TV networks, not Netflix.



Read more at CNBC: Media mogul Barry Diller weighs a bid to gain control of Paramount