Paramount’s President and CEO Bob Bakish is stepping down as Shari Redstone inches closer to selling her controlling stake.
Paramount announced Monday that its president and CEO Bob Bakish is out and will be replaced by a trio of execs.
Bakish is stepping down from the entertainment studio as major shareholder Shari Redstone inches closer to a possible sale of her controlling stake in the company.
David Ellison’s Skydance Media has been angling to buy Paramount.
The son of Oracle founder and billionaire Larry Elison has been working with a group of investors to take over the studio, Bloomberg previously reported.
