Famed money manager Mario Gabelli, one of the largest shareholders in Paramount Global, urged the Federal Communications Commission to halt its review of the transfer of broadcast licenses in the media giant’s $8 billion merger with Skydance. Gabelli requested the delay so that he could probe for “potential fiduciary and/or federal securities violations” against Paramount’s … Read more
Paramount has been mostly out of the news lately, but that doesn’t mean nothing is going on behind the scenes in its messy, years-long attempt to sell itself before settling on a merger with Skydance Media. As is already known, Paramount owner Shari Redstone extracted a significant, nearly $2 billion payday before agreeing to a … Read more
Billionaire investor Mario Gabelli’s investment firm is seeking more details about the valuation of National Amusements assets, the investor told Reuters on Friday, signaling the firm may challenge a landmark entertainment industry deal inked this week. Skydance Media and Paramount Global agreed on Sunday to merge, in a deal that would entail Skydance acquiring the Redstone … Read more
