Gabelli Pushes Paramount for Files in Fight Over Skydance Deal
- Fund manager asks judge to force Paramount to provide details
- Demand is over how much controlling holder Redstone will gain
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Money manager Mario Gabelli is asking a judge to make the film and TV company Paramount Global hand over files about its merger with Skydance Media so investors can tell what controlling stockholder Shari Redstone is getting in the deal and whether it’s fair.
Gabelli, whose funds own about 12% of Paramount voting shares, says the company has refused to turn over records that would show whether Redstone’s gains, through the sale of her National Amusements Inc., improperly disadvantage Paramount’s minority shareholders based on Delaware corporate law.