Shares of Paramount Global tanked and then bounced back on Wednesday amid reported merger talks that would pair the media conglomerate with billionaire Larry Ellison’s son, David Ellison.
Former Spotify executive Dawn Ostroff, Sony Entertainment ex-president Nicole Seligman, Redstone attorney Rob Klieger and investment banker Frederick Terrell are expected to leave the board in the next few weeks, the report said citing people familiar with the matter. Paramount declined to comment.
3 Paramount Board Members Exit Amid Skydance Talks newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.
Three Paramount Directors to Step Down During Skydance Talks, WSJ Says bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.