Paramount Global is in discussions with Barry Diller's IAC for a potential deal.

IAC is considering a bid to take control of Paramount Global, with talks of a potential joint venture with Warner Bros Discovery.

IAC has signed non-disclosure agreements with National Amusements.

Paramount's controlling shareholder, Shari Redstone, recently ended talks with Skydance Media.

Market saturation concerns are driving media companies to explore mergers to attract streaming customers.

Paramount+ has over 71 million subscribers, but a potential joint venture with Warner would not likely be a 50-50 split.

Paramount is seeking new ownership to address financial struggles after failed talks with Skydance Media, leading to CEO Bob Bakish's departure.

The company's streaming service has shown subscriber growth but also significant losses, prompting cost-cutting measures and possible asset sales.

Various suitors, including Sony, are interested in acquiring majority control of Paramount Global.

Paramount+ with Showtime is offering a 50% discount on its annual ad-free plan until July 14th, dropping the price to $59.99.

The streaming service includes popular shows like Star Trek: Discovery, Yellowjackets, Billions, and Dexter, along with live sports and news.

CNBC reported on the ongoing discussions, with both Paramount and Warner declining to comment.