UPDATE 1-Paramount plans to shrink board to seven directors amid Skydance deal talks [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
April 11 (Reuters) - Paramount Global 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 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". (Reporting by Aditya Soni in Bengaluru; Editing by Shilpi Majumdar)
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PARAA
News
- Paramount Global ousts CEO Bob Bakish, replaces him with trio of execs as it eyes Skydance merger [Yahoo! Finance]Yahoo! Finance
- 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
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