Paramount International’s board is getting ready to fireplace Chief Government Officer Bob Bakish as quickly as Monday morning, in keeping with folks conversant in the matter.

Paramount International studies its quarterly earnings Monday. Bakish will not be on the decision, the folks stated.

The board is anticipated to lean on firm division heads in lieu of a CEO whereas it negotiates a doable merger with Skydance Media. Paramount International has arrange a particular committee to discover the deal. The businesses are in unique talks to pursue a deal till Could 3, although that window might be prolonged.

Bakish has misplaced the belief of Paramount International controlling shareholder Shari Redstone, in keeping with folks conversant in her pondering. Redstone wished to make a transfer to oust Bakish earlier than Paramount International’s carriage negotiation with Constitution Communications, which is pivotal for setting a worth for the corporate in its merger talks with Skydance, the folks stated.

A spokesperson for Paramount International declined to remark.

Paramount and Skydance have been making headway on a remaining deal, below which Bakish would depart Paramount, CNBC reported Thursday. Skydance intends to call its CEO David Ellison to helm Paramount, in keeping with folks conversant in the matter.

In non-public, Bakish has dissented in opposition to the merger, claiming that it may dilute widespread shareholders, in keeping with folks conversant in the matter.

Beneath the deal phrases, nearly 50% of the merged firm can be owned by Skydance and its non-public fairness companions, CNBC reported April 5. Widespread shareholders would personal the rest of the corporate, which might proceed to commerce publicly.