Courtesy Symbol
Amid the M&A drama enveloping Paramount International, Bob Bakish is set to step down as CEO after 8 years on the helm of Shari Redstone’s media empire.
Bakish is anticipated to surrender below drive as early as Monday. The manager has been with Paramount and its Viacom predecessor since 1997. He used to be recruited by way of Redstone in 2016 to lend a hand convey order to an organization that had descended into public felony brawling amongst shareholders and a struggle for keep an eye on between Redstone and previous Viacom ceo Philippe Dauman. Phrase of Bakish’s pending go out first surfaced Friday within the Wall Boulevard Magazine.
At the moment, Paramount ‘s board of administrators at the present is deep in unique acquisitions talks with Skydance Media and RedBird Capital. Every other staff, Sony Footage and Apollo International Control, is poised to box a proper all money be offering for the corporate this week because the Would possibly 3 expiration of the unique negotiating window with Skydance expires.
A rep for Paramount International declined to remark Saturday.
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