Gabelli asks Paramount for details on National Amusements valuation
- Billionaire investor Mario Gabelli's investment firm is seeking more details about the valuation of National Amusements assets, the investor told Reuters on Friday, signaling the firm may challenge a landmark entertainment industry deal inked this week.
"Operation fish bowl ... most likely starts today," Gabelli, the 82-year old chief executive of Gabelli Asset Management Company Investors wrote on social media platform X. Skydance's deal to buy Redstone's National Amusements values the holding company at $37.79 per Paramount share, and the Redstone family stands to pocket $27.55 per Paramount share because of $650 million in net debt.
Earlier this year, the Employees Retirement System of Rhode Island, an investor in Paramount Global, asked for documents related to talks between the company and Skydance.Scan QR code to install app
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