President-elect Donald Trump's defamation suit against ABC was formally dismissed on Monday after both parties reached a $15 million settlement agreement.

The “Good Morning America” host faced speculation about his future after the network settled the defamation lawsuit generated by his “rape” comment.

Disney CEO Bob Iger approved the settlement — acting on the recommendation of the company’s top lawyer, Horacio Gutierrez, Wall Street Journal said.

In an interview with Rep. Nancy Mace (R–S.C.) on ABC's This Week last March, host George Stephanopoulos repeatedly and inaccurately asserted that Donald

The use of the word rape by ABC News anchor George Stephanopoulos cost the network millions in a settlement with Donald Trump.

ABC News’ George Stephanopoulos did not reference his network’s $15 million settlement with President-elect Donald Trump over comments he made on-air.

The news organization and anchor will donate $15 million to presidential foundation and pay $1 million of the president-elect's attorney fees

ABC News and George Stephanopoulos reached a settlement with Donald Trump in a defamation lawsuit, it was made public on Saturday.

MSNBC host Symone Sanders-Townsend said that ABC News paying the settlement “feels like it has a real chilling effect.”

George Stephanopolous and ABC News have reached a new multi-year deal that will keep the longtime anchor on the broadcaster for the near future. The news comes amid fallout over the $15 million settlement ABC reached with President-elect Donald Trump over the weekend.

Terms of the multi-year deal weren’t announced, but it should end specualtion that the ABC News anchor is on his way out after the network settled a defamation case with Donald Trump.

ABC News and anchor George Stephanopoulos have agreed to a settlement with Donald Trump after the President-elect filed a lawsuit for defamation earlier this year. As part of the settlement, Stephanopoulos and ABC News will pay $15 million to a foundation and museum which will be established by Trump,