News

Paramount Global board members to resign amid merger talks

Published

2 years ago

April 11, 2024

Four members of Paramount Global’s board are anticipated to step down soon as the entertainment conglomerate, overseen by Shari Redstone, engages in discussions regarding a potential merger with Skydance Media.

The individuals expected to resign include former Spotify executive Dawn Ostroff, former Sony Entertainment president Nicole Seligman, Redstone attorney Rob Klieger, and investment banker Frederick Terrell.

According to sources familiar with the matter cited by the report, their departure from the board is expected to occur within the next few weeks.

Paramount declined to comment on the matter, while Klieger did not immediately respond to Reuters’ request for comment. Efforts to reach the other three directors were unsuccessful.

Following this news, shares of Paramount Global experienced a decline of nearly 4%.

Merger talks

Earlier this month, a Reuters source revealed that Paramount’s board had reached an agreement to engage in exclusive merger discussions with Skydance Media, led by CEO David Ellison, the son of Oracle co-founder Larry Ellison. A potential merger between Paramount and Skydance Media would unite Paramount with Ellison’s independent media company, known for producing blockbuster films such as “Top Gun: Maverick” and “Mission: Impossible – Dead Reckoning Part One.”

Seligman, Terrell, and Ostroff are part of a special committee of independent directors tasked with securing the most favorable deal for Paramount, whether it involves Skydance or another potential suitor, as reported by the Journal.

The report further mentioned that at least one of the departing directors had expressed reservations regarding the potential merger with Skydance.

The proposed deal structure has faced criticism from certain investors, who have raised concerns in letters to the board regarding the potential dilution of Paramount’s non-voting shareholders, according to the Journal.

News

Ukraine and Russia set for U.S.-brokered peace talks in Abu Dhabi

Published

11 hours ago

February 2, 2026

Harvey Vargas

Ukrainian President Volodymyr Zelenskyy has confirmed that new peace talks with Russia will take place in Abu Dhabi later this week. The discussions are part of U.S.-led efforts to find a path toward ending the ongoing war.

Zelenskyy emphasised that Ukraine is prepared for meaningful dialogue aimed at achieving peace. The announcement comes after weeks of uncertainty over the timing of the meeting.

U.S. special envoy Steve Witkoff described prior discussions with Russian officials as productive, though major disagreements over territorial issues remain unresolved.

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News

Tensions rise as Iran threatens conflict and U.S. increases naval forces

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Published

12 hours ago

February 2, 2026

Harvey Vargas

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Iran has warned of a potential regional conflict if the U.S. launches an attack, while labelling European armies as terrorists. Supreme Leader Ayatollah Ali Khamenei insisted that threats from President Trump will not intimidate the Iranian people.

The U.S. has ramped up its naval presence in the Middle East in response to mounting threats, amid speculation over Iran’s next moves. Iranian officials have denied claims of imminent naval exercises in the Strait of Hormuz, adding to global uncertainty.

#MiddleEastCrisis #IranUS #Geopolitics #NavalTensions #Trump #AyatollahKhamenei #EuropeanUnion #GlobalConflict

News

Carlos Alcaraz becomes youngest man to complete career Grand Slam

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Published

12 hours ago

February 2, 2026

Harvey Vargas

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Carlos Alcaraz has stunned the tennis world by winning the Australian Open, becoming the youngest man to complete a Career Grand Slam at just 22 years old.

The world number one beat Novak Djokovic in a thrilling four-set match, finishing 2-6, 6-2, 6-3, 7-5. Djokovic missed out on claiming his 25th Grand Slam title. To mark the milestone, Alcaraz revealed he plans to add a new tattoo of a kangaroo on his leg, joining his existing Eiffel Tower and Wimbledon strawberry tattoos.

#CarlosAlcaraz #AustralianOpen #GrandSlam #TennisHistory #NovakDjokovic #SportsNews #TennisTattoo #YoungChampion