A Paramount Global investor slammed Shari Redstone over her deal to sell the company to Skydance Media, claiming the heiress is attempting to enrich herself…
Paramount Global investor Matrix Asset Advisors called on the entertainment giant's board not to accept what it called a "sub-optimal" takeover bid by Skydance Media. Paramount Global shares fell 7.6%.
Paramount could be nearing a merger with Skydance. One investor is concerned the deal will be a win for Shari Redstone and a loss for other Paramount shareholders.