PARA INVESTIGATION ALERT: BFA Law Announces an Investigation into the Paramount Global (Nasdaq:PARA) Acquisition and Encourages Shareholders to Contact the Firm

On July 7, 2024, Paramount Global announced that it had entered into a merger transaction with a consortium led by Skydance Media, RedBird Capital, and the Ellison Family (the "Skydance Consortium"). Minority shareholders will have no say over the merger transaction, as National Amusements, which controls nearly 80% of Paramount voting stock, is apparently unwilling to subject the merger to a vote of minority shareholders. Shareholders are encouraged to submit their information to find out about their right ...