Paramount plans to shrink board to seven directors amid Skydance deal talks [Reuters]
Paramount Global - Class A (PARAA)
Company Research
Source: Reuters
April 11 (Reuters) - Paramount Global (PARA.O) New Tab , opens new tab disclosed on Thursday that it plans to reduce its board to seven directors from 11 currently amid reports that the entertainment giant controlled by Shari Redstone was discussing a merger with Skydance Media. The company, in its proxy filing, did not propose the election of board members Dawn Ostroff, a former Spotify executive, Sony Entertainment ex-president Nicole Seligman, Redstone attorney Rob Klieger and investment banker Frederick Terrell. Earlier this month, a source told Reuters that Paramount's board had agreed to enter exclusive merger talks with Skydance Media, which is led by CEO David Ellison, son of Oracle (ORCL.N) New Tab , opens new tab co-founder Larry Ellison. A deal would combine Paramount with Ellison's independent media house that is behind films such as "Top Gun: Maverick" and "Mission: Impossible - Dead Reckoning Part One". The Reuters Daily Briefing newsletter provides all the
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PARAA
News
- Paramount Global-B (PARA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Paramount Announces CEO Bob Bakish's Exit as Merger Looms [Yahoo! Finance]Yahoo! Finance
- Paramount Global's New Leadership Trio Tell Staff in Memo After Bakish Ouster: ‘We Know This Has Been a Challenging Time' [Yahoo! Finance]Yahoo! Finance
- Shari Redstone, Newly Elevated Execs Address Paramount Staff Following Bob Bakish's Exit, Talk “Stability” & “Challenging Days” Ahead [Yahoo! Finance]Yahoo! Finance
- Paramount (NASDAQ:PARA) Misses Q1 Sales Targets [Yahoo! Finance]Yahoo! Finance
PARAA
Earnings
- 4/29/24 - Beat
PARAA
Sec Filings
- 4/29/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/29/24 - Form 8-K
- PARAA's page on the SEC website