Gabelli opposes possible Paramount-Skydance deal, NY Post reports

GAMCO Investors founder Mario Gabelli has criticized the possible tie-up between Paramount (PARA) and Skydance Media, saying he’d prefer Paramount forego any deal talks altogether, the New York Post’s Josh Kosman and Alexandra Steigrad report. The billionair investor, whose firm owns 1M Paramount shares, told the Post in an interview that he also opposes a sale of Paramount to Apollo Global (APO), which has offered $26B. “There’s no question I’d rather see no sale,” Gabelli said.