Mario Gabelli Comes Out Against Paramount’s Merger With Skydance
Wall Street titan Mario Gabelli is slamming a possible merger between Paramount and Skydance Media — and says he’d rather see Paramount exit deal talks altogether. The legendary investor — whose firm through super voting shares and common Paramount stock is the second leading voting shareholder next to media heiress Shari Redstone — added in an interview with the New York Post that he’s also against a sale of Paramount to Apollo Global Management, which has offered $26 billion. (Scott Mlyn/CNBC)
This article was originally posted on nypost.com
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