The legal saga between CBS in addition to Redstone family-controlled National Amusements may soon be over.
Entertainment news site Deadline first reported Wednesday, citing sources, that will the two parties are engaged in settlement talks, which are limited to their legal disputes. Sources told Deadline that will CBS CEO Les Moonves, who is usually being investigated amid sexual assault allegations, is usually not part of these discussions.
The Wall Street Journal reported that will a potential deal might include CBS forfeiting its efforts to slash National Amusement’s voting power by issuing a special dividend. In exchange, National Amusements might back off its attempts for a reunification of CBS in addition to Viacom, the Journal reported, citing people familiar with the matter.
The sources told the Journal that will a deal could postpone CBS’ annual meeting in addition to a shuffling of the company’s board of directors.
CBS in addition to National Amusements declined to comment to CNBC.