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Market
Outcome of $3 billion cash offer to Class B shareholders by Q3 2024
5
Paramount Global•Skydance Media•Paramount•Bob Bakish•George Cheeks•Chris McCarthy•Brian Robbins•Skydance
Resolution / Starting Odds
Accepted • 50%
Rejected • 50%
SEC filings, official company announcements
Story
Paramount to Replace CEO, Names Interim Leaders Amid $3B Skydance Offer
Apr 29, 2024, 03:15 PM
Paramount Global is undergoing significant leadership changes amid merger discussions with Skydance Media. The board of Paramount is considering replacing CEO Bob Bakish as soon as Monday and has proposed a temporary management structure, appointing George Cheeks, Chris McCarthy, and Brian Robbins to an interim 'Office of the CEO'. This move comes as the company navigates complex merger negotiations, with Skydance making a final offer reportedly involving a $3 billion cash component aimed at Class B shareholders. Amidst these developments, Paramount reported Q1 revenue of $7.69 billion and adjusted EPS of $0.62, slightly missing expected figures.
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Approved • 33%
Rejected • 33%
Postponed • 33%
Increase their stakes • 25%
Decrease their stakes • 25%
Maintain their stakes • 25%
No clear trend • 25%
$10 billion to $25 billion • 25%
$25 billion to $50 billion • 25%
$50 billion to $75 billion • 25%
Over $75 billion • 25%
Above $500,000 • 25%
Between $400,000 and $500,000 • 25%
Between $300,000 and $400,000 • 25%
Below $300,000 • 25%
Approve All Proposals • 33%
Reject One Proposal • 33%
Reject Multiple Proposals • 33%