The right saga between CBS and Redstone family-controlled National Amusements may soon be onto.
Entertainment news site Deadline first reported Wednesday, citing outsets, that the two parties are engaged in settlement talks, which are limited to their licit disputes. Sources told Deadline that CBS CEO Les Moonves, who is being researched amid sexual assault allegations, is not part of these discussions.
The Embankment Street Journal reported that a potential deal would involve CBS forfeiting its efforts to slash National Amusement’s voting power by issuing a unique dividend. In exchange, National Amusements would back off its attempts for a reunification of CBS and Viacom, the Quarterly reported, citing people familiar with the matter.
The sources disclosed the Journal that a deal could postpone CBS’ annual meeting and a be evasive of the company’s board of directors.
CBS and National Amusements declined to comment to CNBC.