Judge willing to consider blocking Paramount-Skydance deal, Reuters says

A Delaware judge is open to weighing claims in a class action lawsuit that Paramount’s (PARAA) (PARA) $8B sale to Skydance Media should be barred from closing because it short-changes public investors, Reuters’ Tom Hals reports, citing a court filing. Pension funds for NYC employees that own Paramount shares filed a class action lawsuit in Delaware’s Court of Chancery claiming that Paramount’s special committee violated its fiduciary responsibilities by not considering a $13.5B bid from investor group Project Rise Partners, the author notes.