Barry Diller signaled IAC (IAC) was no longer in the race to buy Paramount Global (PARA), stating in an interview on CNBC that the deal conclusion is “hard to predict, but think it’s over for us.” Paramount announced a deal with David Ellison’s Skydance Media early in July and Diller added in the interview with CNBC’s Andrew Ross Sorkin that he will be “shocked” if there is not a huge amount of litigation regarding the planned merger.
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