Barry Diller Explores Possible Bid for Paramount, NY Times Says

Barry Diller, who led Paramount Pictures decades ago and lost a bidding war for the company, is considering making an offer for control of its parent, the New York Times reported.

Diller, chairman of the digital media company IAC Inc., has signed nondisclosure agreements with National Amusements Inc., the controlling shareholder of Paramount Global, the Times reported, citing four people with knowledge of the matter.

Paramount declined to comment. IAC and National Amusements didn’t respond to inquiries.

Paramount, the owner of CBS and MTV, has been weighing its options for months and came close to ...