Barry Diller may be looking to charge back into Hollywood — or, at least, he wants to be seen as a wheeler-dealer who’s in the hunt for struggling media company Paramount Global.
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
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