ParamountGlobals CEOBob Bakishis out.
I have tremendous confidence in George, Chris and Brian.
Paramount is also set to report earnings.
Bob BakishGetty
The release on change in management had no mention of that.
He previously had a strong decade-long run overseeing Viacoms international business.
But tensions between the two have been rising.
Among other moves, he oversaw the acquisition of Pluto TV, and launched Paramount+.
That said, he worked for Redstone.
Bakish opposed the Skydance deal, in opposition to Redstone.
Skydance plans to keep Paramount public.
Paramount has two classes of stock, something founding families do to maintain control.
Sony and Apollo are considering a joint bid but have not made a formal offer yet.
They would take the company private, buying out all shareholders.
