Barry Diller hints IAC no longer in race for Paramount deal, fears merger will face litigation: report
IAC(IAC) New York Post·2024-07-27 01:04
Media mogul Barry Diller hinted on Friday that his company IAC was no longer in the race to buy Paramount Global, CNBC reported on Friday.The chairman and senior executive of the New York based digital-media conglomerate – which owns brands including Dotdash-Meredith, Care.com and The Daily Beast – said it is “hard to predict, but think it’s over for us,” during a CNBC interview.Diller was reportedly in pursuit of Paramount as the struggling entertainment giant held off-again, on-again talks with tech heir ...