Paramount Global has agreed to a $167.5 million settlement of a case stemming from the 2019 merger of Viacom Inc and CBS Corp that created the entertainment company, a filing showed.
has agreed to a $167.5 million settlement of a case stemming from the 2019 merger of Viacom Inc and CBS Corp that created the entertainment company, a filing showed.
The settlement, reached on Tuesday, provides for the dismissal of the case in exchange for the payment to Paramount, according to a Securities and Exchange Commission filing published on Friday. CBS shareholders filed three separate suits, which were later consolidated, alleging the company had overpaid for Viacom, clearing the way for media mogul Shari Redstone to reunite the family's media holdings.
Paramount reached a $122.5 million settlement in March with Viacom shareholders that also stemmed from the merger.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Paramount to Pay $167.5M to Settle Shareholder Suit Tied to CBS-Viacom MergerThe settlement comes a month after the company agree to pay $122.5M in a similar suit.
Leer más »
Paramount to Receive $167.5M to Settle Shareholder Suit Tied to CBS-Viacom MergerThe settlement comes a month after the company agree to pay $122.5M in another suit related to the merger.
Leer más »
‘South Park’ Standoff: Paramount Global Fires Back in Warner Bros. Discovery DisputeTrey Parker and Matt Stone's long-running and lucrative animated series is at the center of a legal battle and the streaming wars.
Leer más »
Paramount Gets $167M In Settlement Of Suit By CBS Shareholders Against Shari Redstone, Directors, Ending Years-Long Merger LitigationParamount Global said that, pending court approval, it will receive $167.5 million in settlement of a suit by shareholders of the former CBS Corp. against some of the broadcaster’s former off…
Leer más »
Paramount+ Boosts Korean Content Slate With Original Dramas ‘A Bloody Lucky Day’ and ‘Queen Woo’The streamer is going bigger on Korean content after its recently launched K-drama 'Yonder' became its most-watched international series in the U.S. this year.
Leer más »
Paramount+, TVing Launch Korean Series ‘A Bloody Lucky Day’, ‘Queen Woo’Paramount+ is expanding its global Korean originals slate with two new series, A Bloody Lucky Day and Queen Woo, which the streamer will launch exclusively on its global platform. In South Korea, t…
Leer más »