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David Ellison

The front of the Paramount Pictures studios in Los Angeles, California. (Stock image by Hannah Wernecke via Unsplash)

Paramount shareholder sues Skydance Media over merger

The lawsuit, filed in Delaware, claims the proposed merger stands to substantially benefit one person: Shari Redstone

The front of the Paramount Pictures studios in Los Angeles, California. (Stock image by Hannah Wernecke via Unsplash)

Paramount Global will pursue merger with Skydance Media

The decision comes despite an offer from Apollo Global Management to buy the company for $26 billion.

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