Four members of Paramount Global‘s current 11 board of directors will step down as the company has stepped up M&A talks with Skydance Media. The four…
According to multiple media reports, four board directors at Paramount Global (PARA) are planning to depart the entertainment company.
Dawn Ostroff, a former Spotify (SPOT) executive; Nicole Seligman, former president of Sony Entertainment (SONY); .
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Ariel Investments, which owns a 1.8% stake, also expressed concern that the company s board changes could compromise its ability to act on behalf of all shareholders