Paramount Global has reportedly agreed to settle a lawsuit brought by President Donald Trump over an interview with former Vice President Kamala Harris that was aired by CBS last year. The settlement opens the door to Paramount Global’s proposed $8 billion merger with Skydance Media, says Raymond James.

Paramount Global has reached a settlement with Donald Trump in his lawsuit against CBS News, clearing a path for the media company’s long-delayed merger with Skydance Media. The settlement, announced near midnight Tuesday on the East Coast,

Paramount has agreed to pay $16 million to resolve President Donald Trump’s lawsuit against its subsidiary CBS, clearing a path for the administration to approve the media giant’s multibillion-dollar merger with Skydance Media.