N@N

Judge Declines to Block Paramount-Skydance Merger, but Accelerates Investor Suit

A Delaware judge has declined to block the merger between Paramount Global and Skydance Media, but has expedited a lawsuit brought by Paramount shareholders. The lawsuit claims that the merger process, which involves a two-step acquisition where Skydance would first buy out National Amusements Inc. (which controls Paramount), unfairly benefits Shari Redstone, the controlling shareholder of National Amusements, at the expense of other Paramount investors. The judge's decision to not issue a temporary restraining order allows the merger to proceed towards a potential shareholder vote, while also setting an early trial date for the lawsuit to address the allegations of self-dealing and breach of fiduciary duty. This ruling aims to balance the interests of all parties by not halting the deal outright but ensuring that the legal issues are addressed promptly.

Read the Full Variety Article at:
[ https://www.msn.com/en-us/entertainment/celebrities/judge-declines-to-block-paramount-skydance-merger-but-accelerates-investor-suit/ar-AA1Aptp8 ]