WSJ Reports That Four Paramount Board Members Will Step Down Amid Merger Talks

Four members of Paramount Global’s board are expected to step down soon as the entertainment giant controlled by Shari Redstone discusses a merger with Skydance Media, the Wall Street Journal reported on Wednesday.

Former Spotify executive Dawn Ostroff, Sony Entertainment ex-president Nicole Seligman, Redstone attorney Rob Klieger and investment banker Frederick Terrell are expected to leave the board in the next few weeks, the report said citing people familiar with the matter.

Paramount declined to comment. Klieger did not immediately respond to a Reuters request for comment, while the other three directors could not be immediately reached.

Read the source article at Yahoo Finance