PARA ONGOING INVESTIGATION: BFA Law Reminds Paramount Global (Nasdaq:PARA) Stockholders to Contact Us about Continuing Investigation into the Merger

Core Viewpoint - Paramount Global is facing scrutiny regarding the fairness of its merger transaction, particularly concerning the treatment of Class B shareholders who are offered significantly less than Class A shareholders [2][4][3]. Group 1: Merger Transaction Details - Paramount Global announced a merger transaction with a consortium led by Skydance Media, RedBird Capital, and the Ellison Family on July 7, 2024 [4]. - Class A shareholders are entitled to elect to receive $23 per share in cash, while Class B shareholders can elect to receive$15 per share, which may be prorated depending on shareholder elections [2]. - National Amusements controls nearly 80% of Paramount's voting stock and is not subjecting the merger to a vote by minority shareholders, raising concerns about the lack of input from these shareholders [4]. Group 2: Legal Investigation - Bleichmar Fonti & Auld LLP is investigating whether the merger transaction is fair to minority shareholders, particularly those holding Class B shares [3]. - The firm believes that the disparate treatment of Class B shareholders may violate Delaware law and that the board of directors may have breached their fiduciary duties [2]. - Shareholders are encouraged to submit their information to understand their rights and potential legal options [9][8].