A Delaware judge on Thursday declined to issue an order to temporarily halt the merger between Paramount Global and Skydance Media. But in the ruling, Chancellor Kathaleen McCormick agreed to set a “break-neck pace” for an investor suit that seeks to block the deal in favor of a competing bid from Project Rise Partners.

A U.S. judge in Delaware is willing to consider allegations brought against Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) in a lawsuit that says the media conglomerate's $8B sale to David Ellison's Skydance Media should be blocked from closing because it short-changes public shareholders,

A Delaware judge allows an investor lawsuit over Paramount's $8B sale to Skydance, raising new hurdles for the deal

Paramount Global’s $8 billion sale to Skydance Media LLC will move forward for now even as a judge weighs forcing the Paramount board to consider a last-minute $13.5 billion offer.

The biggest question for Judge McCormick, according to University of Pennsylvania Business Law School Professor Jill Fisch, is whether the largely unknown Prospect Rise Partners is a legitimate

The Shari Redstone-controlled media company released fourth-quarter earnings Wednesday. The company cut streaming losses.

A Delaware judge is willing to consider allegations in a class action lawsuit that Paramount Global's $8 billion sale to Skydance Media should be blocked from closing because it short-changes public shareholders,

A Delaware judge ruled that Paramount Global’s $8 billion merger with Skydance Media can move forward — but still left the door open for a last-minute, rival bid that insiders say could derail the deal.