Paramount Gets Green Light to Appeal Ruling Over Skydance Files

Paramount Global persuaded Delaware’s top court Wednesday to review a ruling that directed the entertainment giant to turn over internal documents to a pension fund investigating its $8 billion acquisition by Skydance Media LLC.

The decision to accept a mid-case appeal was widely expected after a Delaware Chancery Court judge tentatively approved the request last month. The Skydance transaction would hand Paramount’s reins from media mogul Shari Redstone to producer David Ellison and backers led by his father, Oracle Corp. founder Larry Ellison.

Wednesday’s seven-page order came about a week after the chief of “60 Minutes” resigned over ...