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Shari Redstone Tells Paramount Employees Skydance ‘Has a Clear Strategic Vision for the Future’; Co-CEOs Say in Memo ‘It’s Business as Usual’ for Now
Shari Redstone and Paramount Global's co-CEOs -- George Cheeks, Brian Robbins and Chris McCarthy -- addressed the deal to merge with Skydance Media.
Most recently, this led to the appointment of George Cheeks, Chris McCarthy, and Brian Robbins as Co-CEOs, to take the meaningful actions necessary to bolster the Company both operationally and financially. The agreement also includes what’s called a “go-shop” provision, which means that the Special Committee of Paramount’s Board of Directors and its representatives will be permitted to actively solicit and evaluate alternative acquisition proposals for a 45-day period. And, we already know Paramount and Skydance, led by David Ellison, can achieve incredible results together, as evidenced by our strong, 15-year collaboration that has delivered highly successful films and franchises like Top Gun: Maverick and Mission: Impossible – Fallout.
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