Mario Gabelli On Shari Redstone Payout – “I Want To See What She Got”; Seeks Records Of Paramount, Skydance Deal But Says No Imminent Plans To Sue

deadline.com:

Fund manager Mario Gabelli, the biggest holder of Paramount Global Class A voting shares after Shari Redstone, said he absolutely needs more information on the Skydance transaction than what’s been publicly disclosed before he can decide if he likes terms.

On Friday, he sent a letter to Paramount asking for records to give clarity to the $2.4 billion that David Ellison‘s company and its backers agreed to pay Redstone for her family holding company National Amusements under the merger agreement announced a week ago.

NAI’s assets include about 80% of Paramount Global’s voting stock — giving a buyer control of the company — but also the National Amusements movie theater chain and, possibly, other assets and investments.

There was no breakdown in the deal announcement. “We don’t know the details of how much is being paid for her voting control of Paramount,” Gabelli told Deadline today.