Donald Trump and Univision reached a settlement Thursday in a lawsuit sparked last year when the network balked at airing the then-Trump-owned Miss Universe and Miss USA pageants.
The GOP presidential front-runner and Univision were scheduled meet in court to hash out the network's motion to dismiss Trump's amended complaint but, before that could happen, both sides reached a confidential settlement, Deadline.com reported
"I have known Univision's president and CEO, Randy Falco, for more than 20 years and I'm glad we are able to put these differences behind us," Trump said in a statement from the campaign trail, Deadline noted.
Univision said in its statement that the settlement helps avoid
months of litigation.
"I have known Donald Trump for many years in both a personal and professional capacity and we are pleased to settle this matter and move forward," Falco said.
The controversy between Trump, Univision, and the pageants began when Trump announced his candidacy for the Republican presidential nomination in June. The real estate mogul made comments about Mexican immigrants being rapists and bringing drugs and crime over the border, according to The Washington Post
"When Mexico sends its people, they're not sending their best," Trump said at the time. "They're not sending you . . . They're sending people that have lots of problems, and they're bringing those problems with us. They're bringing drugs. They're bringing crime. They're rapists. And some, I assume, are good people."
After the controversial remarks, Univision announced it would not air the Trump-owned Miss Universe Organization pageants, USA Today reported
. The billionaire businessman then sued the network for $500 million.
Trump sold the Miss Universe Organization in September to talent agency WME-IMG for an undisclosed sum.
The settlement announcement comes on the heels of Trump's political victory in New Hampshire this week. He beat his closest rival there, Ohio Gov. John Kasich, by nearly 20 percentage points, according to ABC News.
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