Paramount Global nominated three new directors on Monday, seeking to boost its board strength to seven as it awaits regulatory approval for its $8.4 billion merger with Skydance Media.
Paramount Global has set its annual shareholder meeting for July 2, offering the latest signal that the long-gestating merger with Skydance Media is unlikely to close on schedule.
The California State Senate has opened an inquiry into whether Paramount violated state laws against bribery and unfair competition, Semafor reported on Friday.
Trump's team wants more than $25 million and is also seeking an apology from CBS News; it has also threatened CBS with another lawsuit related to alleged bias of its news coverage, the report added.
Donald Trump and Paramount don't have a deal yet to settle POTUS' months old $20 billion 60 Minutes lawsuit, but the Shari Redstone ruled media company has put some serious millions on the table in the hopes to make this roadblock to a merger with Skydance disappear.
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