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Barry Diller Says His Paramount Global Pursuit Is Over Given The “Unlimited” Resources Of Larry Ellison; Also Talks NBA Deal, Kamala Harris
Barry Diller has confirmed he is out of the running for Paramount Global given the "pretty much unlimited" resources of Skydance Media.
His company, IAC, had been exploring a bid during the 45-day “go-shop” period provided for in the merger deal announced this month by Skydance Media and Paramount’s controlling shareholder, National Amusements. Edgar Bronfman Jr., Byron Allen and producer Steven Paul have reportedly considered offers with varying degrees of seriousness, though none has been heard from since the Skydance announcement. Diller also held forth on the NBA’s $77 billion in rights deals with Amazon, NBCUniversal and Disney, with Warner Bros. Discovery’s matching bid rejected by the league.
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