Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Paramount CEO Bob Bakish out amid Skydance merger talks By: FOX Business April 29, 2024 at 16:14 PM EDT Paramount Global's Bob Bakish is out as CEO after reportedly clashing with the board over the terms of a sale to Skydance Media, FOX Busienss has learned. Paramount Global chief Bob Bakish has left the entertainment giant after eight years at the helm, the company announced Monday.The company said in a press release Bakish is stepping down from his role as CEO and from the board of directors.Bakish's departure comes as the board is pursuing a sale of the company to Skydance Media. Sources told FOX Business that Bakish clashed with non-executive chair Shari Redstone over the terms of the deal which were unfavorable for common shareholders, per reports. Her father, Sumner Redstone, founded the company's media empire which began as National Amusements in Massachusetts. GET FOX BUSINESS ON THE GO BY CLICKING HEREThis is a developing story and will be updated. FOX Business' Charles Gasparino contributed to this report. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Paramount CEO Bob Bakish out amid Skydance merger talks By: FOX Business April 29, 2024 at 16:14 PM EDT Paramount Global's Bob Bakish is out as CEO after reportedly clashing with the board over the terms of a sale to Skydance Media, FOX Busienss has learned. Paramount Global chief Bob Bakish has left the entertainment giant after eight years at the helm, the company announced Monday.The company said in a press release Bakish is stepping down from his role as CEO and from the board of directors.Bakish's departure comes as the board is pursuing a sale of the company to Skydance Media. Sources told FOX Business that Bakish clashed with non-executive chair Shari Redstone over the terms of the deal which were unfavorable for common shareholders, per reports. Her father, Sumner Redstone, founded the company's media empire which began as National Amusements in Massachusetts. GET FOX BUSINESS ON THE GO BY CLICKING HEREThis is a developing story and will be updated. FOX Business' Charles Gasparino contributed to this report.