Paramount chair Shari Redstone will leave board after Skydance merger, Bloomberg News reports

- Shari Redstone won't stay on the board of Paramount Global after the company completes its planned merger with Skydance Media, Bloomberg News reported on Monday, citing people familiar with her plans.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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Paramount Board Member, Who Was Initially Skeptical of Skydance Deal, to Leave CompanyCharles Phillips, a former Oracle executive, had previously expressed skepticism about Skydance's deal to take over Paramount Global.
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Paramount, Skydance agree to terms on $8B merger deal: reportSkydance will pay $2 billion for Paramount’s parent company, National Amusements, which is controlled by majority stakeholder Shari Redstone.
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