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Joseph Chianese
Joseph Chianese Member Posts: 68

The intrigue and upheaval at Paramount continue!  ‘Bob Bakish Out as Paramount Global CEO’

At present, Paramount‘s board of directors is deep in exclusive acquisitions talks with Skydance Media and RedBird Capital. Another group, Sony Pictures and Apollo Global Management, is poised to field a formal all-cash offer for the company next week as the May 3 expiration date of the exclusive negotiating window with Skydance nears. As the Skydance talks have dragged on for months, it’s become clear that Skydance CEO David Ellison would take the helm of the enlarged Paramount-Skydance operation while RedBird senior executive Jeff Shell, formerly CEO of NBCUniversal and a longtime Comcast executive, would serve Ellison’s No. 2 overseeing day-to-day operations.

Bob Bakish Out as Paramount Global CEO (variety.com)

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