Shari Redstone and her son, Tyler Korff, do not intend to serve on Paramount Global’s board of directors after the close of the company’s pending merger with Skydance Media. Redstone’s National Amusements has been Paramount’s controlling shareholder for decades.

It's no surprise, but Shari Redstone will officially part ways with Paramount Global for good once the media conglom's deal with Skydance Media closes in 2025. Redstone will exit the Paramount board after Skydance and RedBird Capital Partners complete the two-part transaction to acquire Redstone's National Amusements Inc.

Shari Redstone won't stay on the board of Paramount Global after the company completes its planned merger with Skydance Media, Bloomberg News reported on Monday, citing people familiar with her plans.

The non-executive chair has the option of joining New Paramount's board, but does not plan to, an individual familiar with her plans tells TheWrap The post Shari Redstone to Exit Paramount Global Board of Directors After Skydance Merger appeared first on TheWrap.