Paramount Global/Skydance merger - Bloomberg Law; This Week in Chancery Court: Paramount, Skydance Merger Records

Story from Bloomberg Law:

The Delaware Chancery Court will rule this week on a demand for Paramount Global‘s internal files about its merger with Skydance Media.

April 8th: Gabelli Value 25 Fund v. Paramount Glob., bench ruling 4/8/25.

At issue: Money manager Mario Gabelli sought Paramount’s books and records about the Skydance merger so investors can determine how controlling stockholder Shari Redstone might benefit from the deal. Gabelli’s funds own about 12% of Paramount voting shares. Senior Magistrate in Chancery Selena E. Molina presided over a one-day trial last week to determine whether Gabelli is entitled to inspect any of the film and TV company’s documents, and, if so, the appropriate scope of an inspection.

Court action: Molina will deliver an oral ruling via teleconference.