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As Paramount Shareholders Slam A Skydance Deal, Four Directors Said To Be Exiting Board: Could Threat Of Legal Action Derail Talks?
Four Paramount Global directors are said to be stepping down from the company's board amid increasingly controversial merger talks with Skydance.
The temperature is rising as Paramount Global ‘s common shareholders continue to publicly and privately bash a possible acquisition by David Ellison ’s Skydance Media with terms they insist would mainly benefit Shari Redstone. Paramount declined to comment on WSJ news that directors Nicole Seligman, Dawn Ostroff, Frederick Terrell and Rob Klieger are set to exit. The lesser B shares are held by a wide range of institutions that object to reported terms of a possible Skydance deal that starts with a $2 billion payment to Shari Redstone-owned NAI for its controlling stake.
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