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

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The settlement comes a month after the company agree to pay $122.5M in another suit related to the merger.

According to a securities filing Friday, the company will be paid $167.5 million to settle the suit. It is separate from anotherrevealed in March, in which former Viacom shareholders received $122.5 million from the company.

In the latest settlement, the CBS shareholders alleged that the company overpaid for Viacom so that Shari Redstone could consolidate her family’s media empire.

 

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Paramount to Pay $167.5M to Settle Shareholder Suit Tied to CBS-Viacom MergerThe settlement comes a month after the company agree to pay $122.5M in a similar suit.
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