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Paramount to pay $122.5 million to settle lawsuit over CBS deal

Por: Los Angeles Times Business March 04, 2023

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Paramount Global has agreed to pay $122.5 million to settle a 3-year-old lawsuit brought by several large investment funds that believed the company pushed through the 2019 merger of Viacom and CBS at the expense of minority shareholders. The settlement, revealed in a financial filing by Paramount, marks the resolution of the suit filed in Delaware Chancery Court. The plaintiffs argued the company's controlling shareholder Shari Redstone,... + full article



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