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Karl Stefanovic Ends Court Battle by Buying Out Podcasting Partner
The settlement ends a court battle after an independent valuer was appointed to assess the company behind The Karl Stefanovic Show.
On Friday, Karl Stefanovic announced a settlement in his legal dispute with podcast partner Keshnee Ibrahim, purchasing her stake in 123 Podcast Pty Ltd for an undisclosed sum.
Their professional relationship collapsed in August following a controversial interview with British far-right agitator Tommy Robinson, which resulted in Stefanovic losing his role at Nine.
Prior to the settlement, Ms Ibrahim filed an urgent application in the NSW Supreme Court to block her removal as director, with her lawyers contending Stefanovic's actions were "oppressive" and "unfairly discriminatory."
Under the confidential agreement, Ibrahim exits 123 Podcast Pty Ltd as a shareholder and director while agreeing to discontinue the litigation she had commenced against Stefanovic.
The deal avoids a scheduled cross-examination in the NSW Supreme Court set for next week, concluding the "irreconcilable breakdown" of the relationship between the parties behind The Karl Stefanovic Show.