Archive · 7 Aug 2025
Shari Redstone Exits Paramount Ahead of Skydance Takeover
Shari Redstone, whose father built Paramount, sent a farewell message to employees before a new company, Skydance, takes over.
She was proud of the company's culture.
This follows other leaders leaving as the deal with Skydance is finalized.
The new company is taking over after the FCC approved the $8.4 billion purchase, with the new leaders starting soon.
Shari Redstone sent a final message to Paramount staff as the Skydance takeover approached.
Redstone expressed pride in the company and its culture.
The exit memo followed departures of other executives, including Brian Robbins and Chris McCarthy.
The Skydance acquisition, valued at $8.4 billion, was approved by the FCC.
The deal officially closes on Thursday with new leadership set to take over.
- Who
- Shari Redstone and David Ellison.
- What
- Shari Redstone's exit memo as Skydance takes over Paramount Global.
- When
- Wednesday, shortly before the Skydance takeover.
- Where
- Paramount Global.
- Why
- As part of the Skydance acquisition of Paramount Global.
Redstone's View
Not Applicable
Company Legacy
Redstone's View
Pride in the company and its culture.
Not Applicable
Not applicable.
- Event
- Skydance takeover of Paramount Global
- Departing Executive
- Shari Redstone
- Acquisition Value
- $8.4 billion
- Closing Date
- Thursday
- New Leadership
- David Ellison and the Skydance team
Sources
Liza Burnett Fefferman Leaving As Head Of Communications for Showtime/MTVE Studios On Eve of Skydance Merger Closing
Paramount’s Chris McCarthy Talks Up Taylor Sheridan, Jon Stewart & ‘South Park’ In Exit Memo But Says Mental Health Work Was His “Greatest Achievement”