Reported 8 months ago
Paramount Global faces an uncertain future as Shari Redstone ends talks with Skydance Media, leaving shareholders and industry analysts surprised. The merger was recommended by Paramount's board but faced backlash due to perceived benefits for Redstone at the expense of public shareholders. With the departure of CEO Bob Bakish and a plan to cut costs, Paramount may explore asset sales and partnerships in the wake of the failed merger, while Redstone might consider selling her controlling stake in National Amusements. Amidst these changes, industry experts predict a pause in M&A activity for Paramount over the next 12 to 18 months.
Source: YAHOO