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[SCHEDULE 13D/A] Paramount Global SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary

Gabelli-affiliated reporting persons state they no longer have any beneficial ownership of Paramount Global Class A common stock following the completion of the issuer's acquisition by Skydance Corporation. The filing lists detailed sales by multiple Gabelli entities and funds executed at $23.00 per share, including a large disposition by GAMCO Asset Management Inc. of 2,532,066 shares and substantial sales by several Gabelli funds (many in the hundreds of thousands of shares). The Schedule shows each reporting person with 0.00 shares and 0.0% of the class.

This disclosure records the unwind of the Gabelli group's positions across corporate and fund accounts and confirms the group ceased to be a holder of 5% or more of the issuer's common stock as a result of the transaction.

Positive
  • Reporting persons realized liquidity at a fixed price of $23.00 per share
  • All listed Gabelli reporting persons report zero beneficial ownership (0.00 shares, 0.0%)
  • Disposition activity is explicitly tied to the completion of the Skydance acquisition, clarifying cause of sales
Negative
  • Gabelli group no longer holds a 5% or greater stake, removing a significant activist/influential position
  • Large, coordinated sell-offs across funds and affiliates may reduce the group's ability to influence issuer matters

Insights

TL;DR: Gabelli entities fully exited PARAA at $23.00 per share after Skydance's acquisition; holdings are now zero, removing prior influence.

The Schedule 13D/A documents a complete disposal of Paramount Global Class A shares by multiple Gabelli affiliates and funds. The largest single seller reported is GAMCO Asset Management Inc. with 2,532,066 shares sold at $23.00 per share. Several registered funds and affiliated entities also report six-figure share dispositions, and aggregate beneficial ownership for each reporting person is reported as 0.00 shares (0.0%). For investors, this converts an active, potentially influential holder into a non-holder, which removes a known engagement voice but is a direct consequence of the acquisition closing. Impact rating: 0 (neutral).

TL;DR: Dispositions align with deal completion; Gabelli group divested positions post-acquisition, consistent with transfer of control to Skydance.

The transaction schedule and accompanying Item 5 explanation attribute the sales to the completion of Skydance's acquisition of the issuer. Multiple affiliated entities and funds show coordinated disposals at the same per-share price, indicating settlement mechanics tied to the deal close. The filing confirms the reporting persons no longer hold the issuer's shares and ceased to be 5%+ holders. This is a typical post-closing clean-up disclosure rather than an independent strategic repositioning by the Gabelli group. Impact rating: 0 (neutral).






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


GAMCO INVESTORS, INC. ET AL
Signature:PETER D. GOLDSTEIN
Name/Title:GENERAL COUNSEL
Date:08/08/2025
GABELLI FUNDS LLC
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:08/08/2025
GAMCO Asset Management Inc.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:08/08/2025
GABELLI & Co INVESTMENT ADVISERS, INC.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:08/08/2025
GABELLI FOUNDATION, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:08/08/2025
MJG ASSOCIATES, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:08/08/2025
GGCP, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:08/08/2025
Associated Capital Group, Inc.
Signature:PETER D. GOLDSTEIN
Name/Title:CHIEF LEGAL OFFICER
Date:08/08/2025
GABELLI MARIO J
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:08/08/2025

FAQ

What did the Gabelli reporting persons disclose in the PARAA Schedule 13D/A?

The filing discloses that multiple Gabelli entities and funds sold their Paramount Global Class A shares at $23.00 per share in connection with the issuer's acquisition by Skydance, and that each reporting person now reports 0.00 shares (0.0%).

Which Gabelli entity reported the largest single sale in the filing?

GAMCO Asset Management Inc. reported the largest single sale listed: 2,532,066 shares sold at $23.00 per share.

Do the reporting persons still hold 5% or more of PARAA after the transactions?

No. The Schedule states the reporting persons ceased to be beneficial owners of 5% or more of the issuer's common stock as a result of the acquisition and subsequent dispositions.

Were the sales linked to a corporate event?

Yes. The filing attributes the transactions and the reporting persons' loss of ownership to the completion of the issuer's acquisition by Skydance Corporation.

At what price were the shares sold according to the filing?

All listed transactions in the table show a sale price of $23.00 per share.
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