Paramount Delays Town Hall Amid M&A Speculation and Strategic Shifts
TL;DR Summary
Paramount Global has postponed an all-employee town hall to June 25 amid ongoing M&A speculation, including a potential takeover by Skydance. The delay aims to provide more clarity on the company's future. During the annual meeting, the three co-CEOs presented a new strategic plan involving cost-cutting and seeking a streaming partner, which will be implemented if no M&A deal is finalized.
- Paramount Postpones Employee Town Hall as M&A Questions Swirl Hollywood Reporter
- Paramount Global Town Hall Delayed After Skydance Offer, Co-CEOs’ Shareholder Presentation Deadline
- Paramount leadership team outlines job cuts, streaming JV plans at annual meeting CNBC
- Paramount's Office of the CEO Unveils Long-Term Strategy TheWrap
- Paramount mulls streaming JV, plans job cuts as sale talks escalate Axios
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