$Paramount Global-B (PARA.US)$ Paramount Global (NASDAQ:[Sha...

$Paramount Global-B (PARA.US)$ Paramount Global (NASDAQ:PARA) rose 3.3% in after hours trading after a report that media mogul Barry Diller and his company IAC Inc. (IAC) are exploring a bid to take control of the entertainment giant.

IAC (IAC) has signed a non-disclosure agreement with National Amusements, Paramount's controlling shareholder, according to a New York Times report late Monday, which cited people familiar with the matter.