The IAC chairman and major investor in Aereo says he doesn't see a path forward for Aereo if it loses its Supreme Court case.
The $300 million cash deal for the struggling information site is expected to close in the next few weeks.
"The idea of you paying thousands of dollars a year for a package of cable channels that you don't watch doesn't make any sense," Diller said.
In a suit against nearly all the major broadcasters, Aereo claims it doesn't infringe on the broadcasters' copyrights.
IAC/Interactivecorp is willing to pay $30 million more than Answers.com has agreed to pay for the information site, according to Reuters.
The billionaire, speaking in a Bloomberg Television interview, says that the controversial streaming service is going to ramp up marketing efforts.
The broadcasters suing the startup predict doom for free TV if the video service is allowed to operate. But some industry experts ask "so what"?
The always-frank Diller told a crowd at SWSX he's eager, ready and within the law to help people watch live broadcast TV without paying the broadcasters.
The US Copyright Office says the online-TV startup doesn't qualify -- yet -- for a content license that would let it restart streaming.
The streaming-TV startup's new legal tack embraces the ruling against it, arguing that the decision means Aereo deserves the same copyright license cable companies get.