Reported 4 months ago
Shari Redstone, the Chair of Paramount Global, expresses dissatisfaction with Skydance Media's reduced offers for the Redstone family's controlling stake, prompting interest from rival bidders like Hollywood producer Steven Paul. Paramount's co-CEOs are restructuring the company with a plan to cut costs, consider asset sales, and explore partnerships for its streaming service Paramount+. Amid the deal talks, the company's annual shareholder meeting is rescheduled to address ongoing speculation, while discussions with Skydance Media and other potential bidders continue.
Source: YAHOO