{"id":19865,"date":"2023-04-22T02:21:35","date_gmt":"2023-04-22T02:21:35","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/paramount-agrees-to-settle\/"},"modified":"2023-04-22T02:23:08","modified_gmt":"2023-04-22T02:23:08","slug":"paramount-agrees-to-settle","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/paramount-agrees-to-settle\/","title":{"rendered":"Paramount agrees to settle Viacom-CBS merger investor lawsuit"},"content":{"rendered":"<p>(Reuters) -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.<\/p>\n<p>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.<\/p>\n<p>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&#8217;s media holdings.<\/p>\n<p>Paramount reached a $122.5 million settlement in March with Viacom shareholders that also stemmed from the merger.<\/p>\n<p> (Reporting by Shubhendu Deshmukh and Juby Babu in Bengaluru; Editing by Leslie Adler and William Mallard)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/paramount-agrees-to-settle\/file-photo-viacomcbs-headquarters-in-new-york-new-york\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3L007-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3L007-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -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. The settlement, reached on Tuesday, provides for the dismissal of the case in exchange for the payment to Paramount, according to a Securities [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":19866,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-19865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3L007-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/19865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=19865"}],"version-history":[{"count":4,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/19865\/revisions"}],"predecessor-version":[{"id":19889,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/19865\/revisions\/19889"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/19866"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=19865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=19865"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=19865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}