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Renz O. Soliman

THE TRUTH ABOUT: Paramount shareholder challenges skydance merger in court - The Untold Story

Paramount Skydance Skydance Media Paramount Global Shari Redstone David Ellison Lawsuit NAI CBS
Paramount and Skydance Media are working on a merger that is facing a legal challenge by one of the former's shareholders. (Credit: Getty Images, Patrick T. Fallon, AFP)

A Paramount Global shareholder is challenging the company's merger with Skydance Media and argues that it would cost other shareholders $1.65 billion.

The agreement between Paramount and its controlling shareholder Shari Redstone was made earlier this month. This was to sell the company to David Ellison's Skydance Media, which has two internal game studios.

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