Reported 21 days ago
Shari Redstone will not remain on the board of Paramount Global following the company's merger with Skydance Media, according to Bloomberg News. Despite having the option to join the new board, both Redstone and her son have no plans to do so. The merger, valued at $4.5 billion and aimed at consolidating ownership, follows a deal for Skydance to acquire National Amusements, and will see David Ellison appointed as chairman and CEO of the merged entity.
Source: YAHOO