Archive · 14 Aug 2025
Gabelli Sues Redstone Over Paramount-Skydance Deal Terms
A fund manager named Mario Gabelli is suing Shari Redstone because of a deal to merge Paramount with Skydance.
Gabelli believes Redstone made a deal that was unfair to other investors.
He claims that Redstone and her family received $2.4 billion from the merger, while other investors were at a disadvantage.
Gabelli's company, Gamco, is trying to get money back for the other investors.
They asked for more information and a vote from the shareholders, but were ignored.
The lawsuit is happening in court in Delaware.
Mario Gabelli sues Shari Redstone over the terms of the Paramount-Skydance merger.
Gabelli alleges Redstone and National Amusements secured a 'sweetheart deal' for themselves.
The $8.4 billion Paramount-Skydance transaction closed last Thursday.
Gabelli seeks class-action status on behalf of other shareholders in Delaware Chancery Court.
Gamco requested more transparency and a shareholder vote, which were ignored.
- Who
- Mario Gabelli (Gamco), Shari Redstone, and National Amusements.
- What
- Mario Gabelli is suing Shari Redstone over the terms of the Paramount-Skydance merger.
- When
- The lawsuit was filed on Wednesday.
- Where
- Delaware Chancery Court.
- Why
- Gabelli believes Redstone and National Amusements secured a 'sweetheart deal' and seeks class-action status.
Gabelli/Shareholders
Redstone/National Amusements
Fairness of Deal Terms
Gabelli/Shareholders
The terms of the Paramount-Skydance merger were unfair to minority shareholders.
Redstone/National Amusements
The deal terms were acceptable and in line with the agreement.
- Plaintiff
- Mario Gabelli (Gamco)
- Defendant
- Shari Redstone, National Amusements
- Court
- Delaware Chancery Court
- Allegation
- Sweetheart deal for Redstone family
- Transaction Value
- $8.4 billion