According to a document, Paramount Global (PARA.O) settled a 2019 Viacom Inc.-CBS Corp. merger issue.
According to a Friday SEC filing, the Tuesday settlement removes the lawsuit for Paramount’s payment.
CBS stockholders joined three lawsuits alleging the business overpaid for Viacom, allowing media tycoon Shari Redstone to rejoin the family’s media assets.
March saw Paramount’s $122.5 million merger settlement with Viacom stockholders.
