Paramount Deal Terms Force GAMCO to Receive Cash for its Voting Shares
GREENWICH, Conn.–(BUSINESS WIRE)–
As of July 31, 2025, GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), along with certain other affiliates, collectively owned approximately 12.0% of the outstanding class A voting stock of Paramount Global (NasdaqGS: PARAA) (“Paramount”) on behalf of its clients.
Given the terms of Paramount’s pending combination with Skydance Media, in which current holders of the class A voting stock have no opportunity to continue to hold such voting stock, GAMCO is effectively being forced to receive cash for those shares. On July 31, 2025, GAMCO filed a 13D with the Securities and Exchange Commission disclosing it made a cash election under the terms of the transaction for all class A shares held.
GAMCO Investors, Inc., through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC) and is known for its Private Market Value with a Catalyst™ style of investment.
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Christopher J. Marangi
Co-CIO, Value
(914) 921-5219
For further information please visit
www.gabelli.com
KEYWORDS: United States North America Connecticut
INDUSTRY KEYWORDS: Asset Management Professional Services Finance
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