Paramount Global CEO Bob Backish (PARA, PARAA) could be departing the company as soon as Monday, according to a report from The Wall Street Journal. Paramount has been engaged in exclusive merger talks with Skydance Media, but the exclusivity period is set to end on May 3. There are also reports that Apollo Global Management (APO), the parent company of Yahoo, and Sony (SONY) could team up to engage Paramount in deal discussions.
The media giant is also set to release its first quarter results after the market close on Monday.

Yahoo Finance's Alexandra Canal reports the latest news on the media giant.

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This post was written by Stephanie Mikulich.