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Paramount Board Might Oust CEO Bob Bakish Amid M&A Talks: Report
The Paramount Global board of directors reportedly has discussed a plan to oust Bob Bakish as CEO.
The board of directors of Paramount Global, including controlling shareholder Shari Redstone, have discussed a plan to oust Bakish as CEO, the Wall Street Journal reported, citing anonymous sources. Instead, the company would form an “office of the CEO” comprising Paramount Global’s division heads to run operations on an interim basis, per the report. Meanwhile, word emerged last week that Sony Pictures Entertainment was mulling a joint bid with private-equity firm Apollo Global Management, which had offered more than $27 billion for the entirety of the media company.
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