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Paramount Global nominates three board directors as Skydance merger awaits approval
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Paramount Global nominates three board directors as Skydance merger awaits approval
Jun 2, 2025 4:31 PM

June 2 (Reuters) - Paramount Global ( PARAA ) nominated

three new directors on Monday, seeking to boost its board

strength to seven as it awaits regulatory approval for its $8.4

billion merger with Skydance Media.

Paramount nominated Mary Boies, counsel to Boies Schiller

Flexner LLP, Charles Ryan, co-founder and general partner of

Almaz Capital, and Roanne Sragow Licht, former justice and

adjunct professor at Boston University and Roger Williams

University.

U.S. President Donald Trump filed a $10 billion lawsuit

against Paramount-owned CBS News in October, alleging that the

network deceptively edited an interview with then-vice president

and presidential candidate Kamala Harris, to "tip the scales in

favor of the Democratic Party" in the election.

Trump's lawsuit is seen as a major roadblock to the

Paramount-Skydance merger, according to some analysts.

The merger requires approval from the U.S. Federal

Communications Commission, which has authority over the

transaction because it needs to approve the transfer of the

broadcast television licenses held by CBS.

Paramount, chaired by Shari Redstone, reportedly offered $15

million to settle the suit.

Trump raised his claim for damages to $20 billion in

February.

The Wall Street Journal reported last week that the company

wanted to ensure it had a full board in place in case its

negotiations with Trump to settle his lawsuit fell through.

Paramount is scheduled to hold its annual stockholder

meeting on July 2.

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