What s going on at Paramount? Reports swirl about the CEO s fate and best and final offers

Get the Full StoryParamount CEO Bob Bakish may be departing soon, according to reports, as the company considers a Skydance deal.

The saga of Paramount Global s future is more exciting than a lot of the studio s films. And with the company poised to report earnings Monday afternoon, things are taking even more unexpected turns. Reports emerged early Monday that the company s board is preparing to announce the departure of Paramount CEO Bob Bakish as early as next week, while David Ellison s Skydance, which has been in negotiations to take over the entertainment giant, made its best and final offer on Sunday. The stock was up more than 3 in midday trading Monday on the reports.

Share: