Bob Bakish, the chief executive of Paramount, is stepping down effective immediately, the company announced on Monday, a stunning shake-up in the top ranks of the company as it considers a major merger. Mr. Bakish, 60, will be replaced by an “office of the C.E.O.” run by three executives: Brian Robbins, head of the Paramount […]
Read More
With the fate of Paramount hanging in the balance, its leading suitor has just upped the ante. Skydance, which has been in talks to merge with Paramount for months, in recent days offered to provide the combined company with a $3 billion cash infusion that it can use to pay down debt and buy back […]
Read More
Paramount is preparing to announce the departure of its chief executive, Bob Bakish, as soon as next week, according to three people with knowledge of the matter, a sudden development that would come even as company is exploring a merger. Mr. Bakish’s impending departure is a result of his worsening relationship with Shari Redstone, the […]
Read More
Even as Paramount, the home of the “Top Gun” movie franchise and “SpongeBob SquarePants,” continues its talks to merge with another media company, Skydance, a new suitor has emerged. Sony Pictures Entertainment and Apollo Global Management, an investment firm, have been in discussions about teaming up for a joint bid to acquire Paramount, two people […]
Read More
Shari Redstone is getting one step closer to selling her media empire. Paramount, home to one of Hollywood’s most storied movie studios as well as CBS and cable networks like Nickelodeon, has been discussing entering into exclusive talks with the media company Skydance for a potential deal, according to four people with knowledge of the […]
Read More Shari Redstone is getting one step closer to selling her media empire. Paramount, home to one of Hollywood’s most storied movie studios as well as CBS and cable networks like Nickelodeon, has been discussing entering into exclusive talks with the media company Skydance for a potential deal, according to four people with knowledge of the […]
Read More