Mario Gabelli still has not decided whether he'll mount a legal challenge to Skydance Media's merger with Paramount Global.

Gabelli requested the delay so that he could probe for “potential fiduciary and/or federal securities violations” against Paramount’s minority shareholders.

Longtime Paramount Global shareholder Mario Gabelli, who had agitated against iterations of the Skydance-Paramount merger deal, is stepping up his campaign for more transparency around the deal. Lawyers for Gabelli,

Paramount Global shareholder Mario Gabelli is asking the Federal Communications Commission to pause its review of the transfer of broadcast licenses in connection with the company's $8 billion merger with Skydance Media as he investigates "potential fiduciary and/or federal securities violations" against the media giant's minority shareholders.