Philippe Dauman, the former Viacom CEO who is still non-executive chairman of the board, has effectively left the conglomerate, waiving a deal where he would present an offer from Dalian Wanda Group to purchase a 49 percent stake in Paramount Pictures. At the same time, the Viacom board could be facing a potential legal standoff with the top executive at the film studio. Those close to the situation tell The Hollywood Reporter that Dauman simply will submit a memo outlining Wanda's bid for a portion of the film studio rather than make his presentation in person to his fellow board
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- 8/31/2016
- by Paul Bond, Kim Masters
- The Hollywood Reporter - Movie News
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