Paramount Global (PARA) is running out of time on its 30-day exclusivity talks with Skydance Media over a potential merger. The media giant has steadily lost market value over the past five years as it has struggled to keep up with competition. Yahoo Finance Reporter Alexandra Canal joins Wealth! to break down the recent resignation of CEO Bob Bakish, and the potential deal between Paramount and Skydance and what it means for consumers. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
Paramount (PARA) CEO Bob Bakish will be stepping down and replaced by three chief executives from across Paramount's umbrella of TV networks in an “Office of the CEO” consortium. Yahoo Finance Entertainment Reporter Alexandra Canal explains the latest news on this shakeup and how it was addressed on Paramount's earnings call, and what this all means for looming merger bids from Skydance Media and a joint bid from Sony (SONY) and Apollo Global Management (APO). Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
The board of Paramount Global ( NASDAQ:PARA ) has announced that it will pay a dividend on the 1st of July, with...