"Skydance's Bold Move: The Impact on Paramount's Future"
A Paramount Global investor, Matrix Asset Advisors, criticized Shari Redstone's deal to sell the company to Skydance Media, claiming it would benefit Redstone at the expense of regular shareholders. The investor urged Paramount's board to reject the deal and reconsider a $26 billion bid from Apollo Global, expressing concerns that the proposed transaction would be detrimental to the company's value and non-controlling shareholders. Paramount, formed by the merger of Viacom and CBS in 2019, has seen its stock lose nearly half of its value in the past year, and the investor emphasized the need for fair consideration of all shareholders' interests.