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Gabelli asks Paramount for details on National Amusements valuation
Billionaire investor Mario Gabelli’s investment firm is seeking more details about the valuation of National Amusements assets, the investor told Reuters on Friday, signaling the firm may challenge a landmark entertainment industry deal inked this week. Skydance Media and Paramount Global agreed on Sunday to merge, in a deal that would entail Skydance acquiring the Redstone family’s holding company, National Amusements, which owns a controlling stake in Paramount. Gabelli Funds, which owns nearly 4.9 million Class-A voting shares in Paramount, is seeking greater transparency around the National Amusements deal, according to another source at Gabelli.
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