Federal Communications Commission Chairman Brendan Carr defended the agency's review approving Skydance Media's acquisition of Paramount Global as routine and in the public interest.
Gabelli's GAMCO alleged that Redstone's investment vehicle, National Amusements, received $60 for each of its Class A Paramount shares while public shareholders only received $23.
Mario Gabelli, the longtime fund manager who has made noise over the past two years about the terms of the Paramount-Skydance merger, has sued former Paramount controlling shareholder Shari Redstone. Gabelli, chairman of New York-based Gamco, filed suit in Delaware Chancery Court on Wednesday, seeking class-action status for the complaint.
Paramount Skydance has made its debut after a lengthy and challenging acquisition process. The company's management is now in place. What do investors need to know about this new big media company?
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