Paramount to Pay $167.5M to Settle Shareholder Suit Tied to CBS-Viacom Merger

Paramount to Pay $167.5M to Settle Shareholder Suit Tied to CBS-Viacom Merger

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Paramount has settled another lawsuit connected to the 2019 merger of CBS and Viacom. According to a securities filing Friday, the company will pay $167.5 million to settle the suit, which was brought by former CBS shareholders. That is on top of a separate settlement revealed in March with former…

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