PARA - CEO Shake-Up Looms At Paramount Global Amid Skydance Merger Discussions | Benzinga
Bob Bakish, the current CEO of Paramount Global, may be facing termination as the company continues its merger talks with Skydance Media.
What Happened: A recent CNBC report suggests that the board of Paramount Global (NASDAQ: PARA) is contemplating the dismissal of Bakish, which will possibly come as early as Monday.
In the event of Bakish's departure, the company is expected to rely on division heads while continuing merger discussions with Skydance Media.
Paramount Global has set up a special committee to explore the potential merger. The two companies are in exclusive talks until May 3, though this period may be extended.
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