Barry Diller Explores Bid to Take Control of Paramount
Submitted 10 months ago by Blaze@reddthat.com to movies@lemm.ee
https://www.nytimes.com/2024/07/01/business/dealbook/barry-diller-paramount.html
Submitted 10 months ago by Blaze@reddthat.com to movies@lemm.ee
https://www.nytimes.com/2024/07/01/business/dealbook/barry-diller-paramount.html
autotldr@lemmings.world [bot] 10 months ago
This is the best summary I could come up with:
The billionaire Barry Diller is exploring a bid to take control of Paramount, the parent company of CBS, MTV and Nickelodeon, according to four people with knowledge of the matter.
Mr. Diller’s digital-media conglomerate, IAC, has signed nondisclosure agreements with National Amusements, Paramount’s controlling shareholder, the people said.
Nondisclosure agreements are a key step in deal making, allowing both sides to exchange confidential information.
Mr. Diller’s interest in Paramount is the latest twist in one of the most complex — and dramatic — efforts to sell a media company in several years.
Paramount reached the brink of a deal in recent months with Skydance, a Hollywood studio, before talks abruptly fell apart.
After Mr. Redstone outbid him for the company, Mr. Diller set his sights on continuing to build his new media empire, striking a series of audacious deals to expand IAC.
The original article contains 431 words, the summary contains 142 words. Saved 67%. I’m a bot and I’m open source!