Two sources familiar with the sales process confirmed the lead independent director, Charles Phillips, has long been opposed to Ellison's production firm Skydance Media's transaction to assume control — and is expected to vote against the transaction on Tuesday.
Paramount Global's board of directors is poised to vote Tuesday on David Ellison's proposed takeover of the troubled media company amid divisions among board members, which have raised the level of drama in an already tumultuous sale process.
More than a week ago, Paramount Global's independent directors signaled their approval of Ellison’s bid after a nearly six-month review process that exposed deep divisions within the media company. Phillips, a former executive of Oracle, the company that David Ellison's father Larry Ellison co-founded, has long been 'an antagonist' of the deal, one of the knowledgeable people said.
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