Billionaire investor sues Paramount's Shari Redstone over $8B Skydance deal
1. Mario Gabelli's fund filed a lawsuit against Paramount's Shari Redstone. 2. Redstone's vehicle received $60 per Class A share; public shareholders got $23. 3. GAMCO asserts lack of transparency in the merger with Skydance. 4. The merger closed on August 7, creating Paramount Skydance. 5. GAMCO owns 11.7% of Paramount's Class A stock, ignoring their concerns.