12:23 PM EDT, 07/10/2024 (MT Newswires) -- Paramount Global ( PARAA ) may still get an offer from Barry Diller even as the company entered an agreement to merge with Skydance Media, Bloomberg reported Wednesday.

The agreement between Skydance and Paramount, which was announced Sunday, includes a "45-day go-shop period" during which alternative acquisition proposals will be evaluated by a Paramount's special committee.

Diller, the chairman of digital media company IAC, hinted to reporters at a conference that he may be still be interested in making a bid for Paramount, saying 45 days is "a lifetime," the report said.

Paramount, Skydance and Diller did not immediately reply to MT Newswires' requests for comment.

Paramount shares were advancing nearly 2% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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