Paramount Global shares hit a 14-year low, then rebounded as board members quit merger talks

Four Paramount board members to step down amid merger talks, WSJ reports. Dawn Ostroff, Nicole Seligman, Rob Klieger and investment banker Frederick Terrell are expected to leave the board in the next few weeks. Paramount declined to comment. The report cites people familiar with the matter.

Shares of Paramount Global tanked and then bounced back on Wednesday amid reported merger talks. The media conglomerate would pair the media conglomerate with billionaire Larry Ellison’s son, David Ellison. Larry Ellison's son David Ellison is rumored to be involved in the deal. Paramount Global's board members are reportedly leaving the company amid the talks.