Skydance-Paramount merger is reportedly back on after Barry Diller expresses interest

The deal is said to require approval by a special committee of Paramount’s board of directors.

Roughly 50 years ago, Barry Diller was head of Paramount Pictures. A little more than 30 years ago, he tried to purchase the company, only to be outbid by media mogul Sumner Redstone. And on Tuesday, it appeared that Diller might be prepared to buy Paramount Global from his onetime rival’s daughter, Shari, who controls the company.