Mario Gabelli comes out against Paramount's merger with Skydance: ‘I'd rather see no sale' [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
The legendary investor — whose firm through super voting shares and common Paramount stock is the second leading voting shareholder next to media heiress Shari Redstone — added in an exclusive interview with The Post that he's also against a sale of Paramount to Apollo Global Management, which has offered $26 billion. “There's no question I'd rather see no sale,” Gabelli told The Post in an interview on Friday. Last week, Paramount's board agreed to enter exclusive merger talks with Skydance , led by CEO David Ellison, son of Oracle co-founder Larry Ellison, favoring the independent studio over the $26 billion offer from Apollo. As part of the deal, Skydance, which has produced blockbusters for Paramount like “Mission: Impossible — Dead Reckoning,” and “Top Gun: Maverick,” would nab Redstone's stake in National Amusements, the privately held company that owns almost 80% of the voting shares of Paramount Global, for around $2 billion. Gabelli, however, told The Post that he pr
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PARAA
News
- Paramount Global-B (PARA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Paramount Announces CEO Bob Bakish's Exit as Merger Looms [Yahoo! Finance]Yahoo! Finance
- Paramount Global's New Leadership Trio Tell Staff in Memo After Bakish Ouster: ‘We Know This Has Been a Challenging Time' [Yahoo! Finance]Yahoo! Finance
- Shari Redstone, Newly Elevated Execs Address Paramount Staff Following Bob Bakish's Exit, Talk “Stability” & “Challenging Days” Ahead [Yahoo! Finance]Yahoo! Finance
- Paramount (NASDAQ:PARA) Misses Q1 Sales Targets [Yahoo! Finance]Yahoo! Finance
PARAA
Earnings
- 4/29/24 - Beat
PARAA
Sec Filings
- 4/29/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/29/24 - Form 8-K
- PARAA's page on the SEC website