Investor Mario Gabelli Presses for More Information on Paramount-Skydance Merger Deal

Investor Mario Gabelli is making waves in the entertainment industry as he presses for more information regarding Paramount’s pending merger with Skydance. Gabelli, a major shareholder of Paramount and its predecessor companies, is seeking greater clarity on the financial data and valuation of National Amusements, Inc., as part of the $8 billion merger deal.

In a series of Twitter posts, Gabelli announced his “Operation fish bowl” initiative, aimed at increasing transparency into the transaction. While there has been no mention of a lawsuit, reports suggest that legal overtures have been made to obtain more information about the deal. Paramount’s dual-class stock structure, with Shari Redstone’s NAI holding the majority of Class A shares, is a key concern for Gabelli and other Class B shareholders.

The deal with Skydance, valued at $4.75 billion, includes a $2.4 billion cash acquisition of National Amusements and is expected to close in the third quarter of 2025. Gabelli’s push for more information echoes similar complaints from other shareholders, including the Employees’ Retirement System of Rhode Island.

Paramount and National Amusements have yet to respond to requests for comment on Gabelli’s inquiries. As the merger deal progresses, Gabelli’s efforts to shed light on the transaction could have significant implications for the future of Paramount and its stakeholders.