Legal threat from Mario Gabelli was ‘major factor' in collapse of Paramount's $8B deal with Skydance [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
Global with its “Mission: Impossible” production partner Skydance Media, The Post has learned. When Redstone made a surprise move to pull the plug on the deal this week — just before a Paramount special committee was poised to vote on it — she was looking down the barrel of a $100 million-plus lawsuit from Gabelli over the deal, according to sources close to the situation. The 70-year-old media heiress hadn't been in any recent discussions with Gabelli, who has long been a key Paramount investor, sources close to the situation said. Nevertheless, other Paramount shareholders had ripped Redstone for seeking a premium for her stock over other that of other Paramount investors. A rep for Redstone didn't immediately respond to a request for comment. In an exclusive interview with The Post, the 81-year-old billionaire — a self-described “Bronx tough guy” long famous for his savvy media investments — declined to discuss any specifics around prospective litigation over Paramount.
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PARAA
News
- WNBA viewership soars to new record, while attendance hits more than two-decade high [CNBC]CNBC
- Universal's Stunning Film Campus Upgrade Built to ‘Sustain the Next 100 Years,' Comcast CEO Brian Roberts and NBCU Content Chief Donna Langley Say [Yahoo! Finance]Yahoo! Finance
- For Wall Street deal makers, the billion-dollar bangers are back [Business Insider]Business Insider
- Scripps News To Cut More Than 200 Jobs, Scale Back National News Programming Amid “Difficult” Linear TV Advertising Market [Yahoo! Finance]Yahoo! Finance
- The Hollywood Cuts Keep Comin' As Disney Does Another Worker Cleanse [Forbes]Forbes
PARAA
Earnings
- 8/8/24 - Beat
PARAA
Sec Filings
- 8/27/24 - Form 4
- 8/27/24 - Form 425
- 8/27/24 - Form 8-K
- PARAA's page on the SEC website