Bob Bakish, CEO of Paramount, speaks with CNBC’s David Faber on Sept. 6, 2023. CNBC In what could easily be a plotline from HBO’s hit show “Succession,” Paramount Global plans to replace Chief Executive Officer Bob Bakish with a cohort of existing division heads on Monday in a chessboard-altering move designed to accelerate the company’s … Read more
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters Skydance Media’s offer to acquire National Amusements and merge its studio with Paramount Pictures isn’t a conventional takeover. The question for Paramount Global shareholders might be: Is it better than … Read more
Paramount Global‘s stock slumped 8% on Thursday after CNBC’s David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison’s Skydance Media, according to sources familiar with the deal. This deal comes as media mogul Shari Redstone, the controlling shareholder of … Read more
Federal Reserve Chair Jerome H. Powell takes his seat to testify before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., March 7, 2023. Kevin Lamarque | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more
FILE: Leon Black, chairman and chief executive officer of Apollo Global Management LLC, at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018. Patrick T. Fallon | Bloomberg | Getty Images A woman who had accused Apollo Global Management co-founder Leon Black of raping her at the New York … Read more
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