Paramount Pictures film studio in Hollywood, Los Angeles. Credit: K I Photography/Adobe Stock 'Unfair and Conflicted'?: Paramount Merger Allegedly Benefits Shari Redstone at Minority Shareholders' Expense, Lawsuit Says
The complaint, filed by Berger Montague, claims the dealmaking process was unfair, with a lack of director independence and no opportunity for a vote on the merger, which is expected to close in 2025.
July 25, 2024 at 03:13 PM
3 minute read
Deals and Transactions
The original version of this story was published on Delaware Business Court Insider
A Paramount shareholder has filed a Delaware Court of Chancery suit challenging the entertainment company's impending merger with Skydance Media, claiming the deal is designed to create a windfall for director and chair Shari Redstone while shortchanging plaintiffs.
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