Summary by Moomoo AI
Gabelli entities have increased their stake in Paramount Global to 11.64% of Class A Common shares, according to a Schedule 13D amendment filed on December 12, 2024. The group now beneficially owns 4,739,717 shares, with GAMCO Asset Management holding the largest portion at 6.19%.On November 8, 2024, Gabelli Value 25 Fund served a 220 demand under Delaware law to inspect Paramount's books and records concerning the merger with Skydance Group. This action is part of an ongoing inquiry into the fairness of the merger to minority shareholders, particularly regarding NAI's controlling stake in Paramount.On December 12, 2024, Gabelli Value filed comments with the FCC regarding the Paramount/Skydance transaction, expressing concerns about inadequate disclosure of payments to NAI/Shari Redstone as controlling shareholders and consideration for Class A voting shareholders. The group's "Operation Fishbowl" seeks full disclosure to enable an informed decision on the transaction's fairness.