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Paramount Global Director Charles Phillips, Who Questioned Skydance Deal, Resigning From Board
Paramount Global board member Charles Phillips, who raised questions about Paramount's merger deal with Skydance, is resigning from the board.
“As my firm Recognize launches a second fund next month, the expansion and growth unfortunately leave less time for outside commitments,” Phillips wrote in his resignation letter. Ellison’s son, David, runs Skydance and will be CEO of the combined Skydance-Paramount entity when that merger closes in the first half of 2025. Some observers of and participants in the merger deliberations raised concerns about a potential conflict of interest on Phillips’ part due to his background at Oracle.
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