Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continue

Posted: Apr 28, 2024

- Paramount Global's board is preparing to fire CEO Bob Bakish as soon as Monday - Bakish is not expected to be on the company's Monday earnings call - Paramount is in exclusive talks for a merger with Skydance Media - Bakish has lost the trust of Paramount Global controlling shareholder Shari Redstone - Under the deal terms, almost 50% of the merged company would be owned by Skydance and its partners



Summarized top reddit comments: - New CEO may help fix app issues - Some criticism of potential new CEO Zaslav - Concerns over treatment of adult swim lineup - Deal with Ellison is unpopular and potentially a scam - Paramount earnings may impact decision - Speculation on potential exit package for Bakish - Joking about Bakish's potential future pursuits



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