IAC - Why Paramount Global Shares Are Gaining Today | Benzinga
Paramount Global (NASDAQ:PARA) shares are trading higher after billionaire Barry Diller is reportedly exploring a bid to take control of the company.
IAC Inc. (NASDAQ:IAC), the digital media conglomerate led by Diller, has entered into nondisclosure agreements with National Amusements, Paramount’s controlling shareholder, The New York Times reported, citing people aware of the discussions.
Nondisclosure agreements play a crucial role in negotiations, enabling both parties to share confidential information.
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Diller’s interest in Paramount marks a pivotal development in ...