Barry Dillerhas confirmed he is out of the running forParamount Global.
(Watch the clip below.)
It is unwise to get in an auction with someone who has a pretty much unlimited balance sheet.
Barry DillerNoam Galai/GC Images
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Theyve stolen the company, essentially stolen is a harsh word, Diller said.
Structurally, to compete with that, you have to put cash in.
And I did an auction for Paramount once.
I dont think I would do it again.
Diller was asked if another bidder could step in with a better offer than Skydances.
It probably takes $9 billion in capital.
… Moneys not going to do him any good.
Do not discount Kamala Harris, he emphasized.
Diller said some business leaders could be brought over to Harris.
They are a herd of pragmatists, he said.
