Paramount Global climbs on Barry Diller's IAC's interest to take control

People Incorporated

02/07/2024 14:45

(Updates)
    ** Shares of media giant Paramount Global  PARA.O  up 4%
at$10.54 in early trade
    ** Billionaire Barry Diller's digital media conglomerate IAC
 IAC.O  exploring bid to take control of PARA
    ** IAC down 0.3% at $45.79
    ** IAC entered into non-disclosure agreements with National
Amusements which holds the Redstone family's controlling
interest in PARA
    ** Shari Redstone, controlling shareholder of National
Amusements, abruptly ended talks with David Ellison's Skydance
Media last month, killing the potential sale of a stake
    ** PARA down 28.7% YTD

 (Reporting by Pranav Kashyap in Bengaluru)
 ((Pranav.Kashyap@thomsonreuters.com;))