Top Paramount Shareholder Sets Lawsuit in Motion With Docs Request for Shari Redstone’s Skydance Payday

Investor Mario Gabelli raises concerns over what the National Amusements head will receive for her A shares in Sunday’s deal

Shari Redstone
Shari Redstone (Credit: Getty Images, Chris Smith/TheWrap)
and

Less than a week after Paramount’s board approved a merger with Skydance, a top shareholder is exploring a lawsuit regarding National Amusements head Shari Redstone’s payout.

Chairman of GAMCO Investors Inc. Mario Gabelli filed a books and records request in Delaware on Friday regarding just how much Redstone will receive for her A shares, TheWrap has learned. (While not technically a lawsuit in itself, the move could be an early indicator of one to come.)

National Amusements owns 77% of Class A voting stock and 5.2% of Class B voting stock. Gabelli is the largest A shareholder behind Redstone, with GAMCO Investors Inc.

JD Knapp

JD Knapp is a news editor at TheWrap, with a personal preference for horror movies, bubblegum pop, reality TV, sitcoms, and animation. After growing up in Connecticut and graduating from Emerson College in Boston with a degree in Broadcast Journalism, he has gone on to work for national outlets such as People, E! News, The…

Lucas Manfredi

Lucas Manfredi joined TheWrap in November 2022 after four years at Fox Business. He can be reached at lucas.manfredi@thewrap.com.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.