Get the latest gossip
Paramount Settles Donald Trump Lawsuit, Clearing Path For Skydance Merger; $16M Payment But No Apology In ’60 Minutes’ Affair
Paramount Global has reached a settlement with Donald Trump in his lawsuit against CBS News, clearing a path for the media company's long-delayed merger with Skydance Media.
“This lawsuit is completely separate from, and unrelated to, the Skydance transaction and the FCC approval process,” the company said, reiterated its previous statement on the matter. The Paramount-Skydance deal was formally proposed nearly a year ago, following a months-long period when Paramount controlling shareholder Shari Redstone evaluated a range of potential suitors. At various times, Sony Pictures (in tandem with private equity firm Apollo), Barry Diller and Byron Allen expressed interest, and an investor group led by Edgar Bronfman Jr. also put in a bid during the 45-day “go-shop” period last summer.
Or read this on Deadline