Paramount has agreed to pay $16 million to settle a lawsuit in which President Donald Trump alleged that an interview with Kamala Harris, his Democratic opponent for the presidency, that aired on CBS’ “60 Minutes” last year was deceptively edited.

Paramount has agreed to settle President Trump's lawsuit over a "60 Minutes" interview with Kamala Harris for $16 million, the company announced late Tuesday.

President Trump had sued over an interview with former Vice President Kamala Harris. The company needs federal approval for a multibillion-dollar sale.