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Mario Gabelli On Shari Redstone Payout: “I Want To See What She Got” As He Seeks Records Of Paramount-Skydance Deal; No Imminent Plans To Sue
"I'm not happy or unhappy, said Mario Gabelli of Paramount's planned Skydance merger, but "I want to know what's she's got" he said of Shari Redstone.
Fund manager Mario Gabelli, the biggest holder of Paramount Global Class A voting shares after Shari Redstone, said he absolutely needs more information on the Skydance transaction than what’s been publicly disclosed before he can decide if he likes terms. Gabelli’s been invested in Paramount Global and its various iterations for years and says he’s in for the long term and doesn’t like being forced to give up his Class A stock He is relatively okay with the Paramount-Skydance deal strategically in the sense that he believes Skydance adds scale and a boost in tech and AI, and that content of all kinds has a bright future.
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