Paramount Gains Edge in Fight Over Skydance Buyout Files (2)

Paramount Global is poised to defeat a demand to turn over internal files to a pension fund that’s raising questions about its $2.4 billion acquisition by Skydance Media that shifts control of the storied Hollywood studio to producer David Ellison.

The Employees’ Retirement System of Rhode Island, which owns Paramount shares, wants to know whether Paramount’s controlling shareholder Shari Redstone could have cut a better deal for minority investors. The fund seeks assurances that Paramount directors got the best price for the owner of CBS, MTV and other TV channels from Ellison, who is the son of Oracle Corp. ...