Billionaire investor sues Paramount's Shari Redstone over $8B Skydance deal
1. Gabelli filed lawsuit alleging unfair benefit to Redstone in Paramount merger. 2. Redstone's vehicle received $60 per share, while public shareholders got $23. 3. GAMCO claims Paramount ignored concerns and lacks transparency in the deal. 4. Merger with Skydance completed on August 7, enhancing Paramount's capabilities. 5. GAMCO, Paramount's second-largest shareholder, holds 11.7% Class A stock.