Paramount investor Mario Gabelli 'may not sell stock' in proposed Skydance merger

Billionaire Mario Gabelli, a key voting shareholder in the holding company that controls Paramount, said he may remain an investorEarlier this week, heiress Shari Redstone surprised media insiders with her announcement that she was accepting a merger proposal from Skydance — the Hollywood studio that Paramount has partnered with to produce the “Mission: Impossible” franchise —In particular, Gabelli said it appears that the new Skydance deal is a better one for minority shareholders including...

He’ll be especially curious to see whether Redstone is caught meeting with Warner Bros. Discovery CEO David Zaslav, who has signaled on-again, off-again interest in a Paramount deal. He also noted, however, that there still is some question as to whether Skydance can get a deal through the Federal Communications Commission.The century-old Paramount Pictures is known for films such as “Titanic”, “The Godfather” and the “Transformers” franchise.

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