CBS and Viacom reached a deal on Tuesday to reunite the two companies after 13 years apart. The proposed deal, if completed, would create a media giant called ViacomCBS, Inc. with roughly $28 billion in revenue. Viacom CEO Bob Bakish will lead the combined company as president and CEO, and current CBS CEO Joe Ianniello will serve as CBS' chairman and CEO. Shares of CBS and Viacom were flat during afternoon trading, when the deal was announced.
CBS and Viacom reached a deal on Tuesday to reunite the two companies after 13 years apart. The proposed deal, if completed, would create a media giant called ViacomCBS, Inc. with roughly $28 billion in revenue. Viacom CEO Bob Bakish will lead the combined company as president and CEO, and current CBS CEO Joe Ianniello will serve as CBS' chairman and CEO. Shares of CBS and Viacom were flat during afternoon trading, when the deal was announced.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
There’s hope for Liam and Miley then
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBS And Viacom Finally Re-Tie The Knot, Merging After 13 Years As Separate CompaniesEnding years of fitful discussions that played out against a backdrop of operatic corporate drama and media industry consolidation, CBS and Viacom have finally agreed to merge. The deal reunites th… Yay 😀 Since everyones new favourite word is “monopoly” are we not going to discuss CBS-Viacoms new “monopoly” of TV channels & numerous different streaming services? Or do we just reserve that word for Disney? Lol Yay capitalism...
Source: DEADLINE - 🏆 109. / 63 Read more »
CBS-Viacom merger is very close, says NYT media reporter Ed LeeCBS and Viacom are getting closer to a merger deal that would bring the companies together under Shari Redstone's National Amusements corporate umbrella. New York Times corporate media reporter Ed Lee joins 'Squawk Box' to discuss. SquawkCNBC Made a small typo on the 'Viacom Brands' graphic. Spike is now known as Paramount Network. SquawkCNBC If you like to keep score, here's the change in Dow Jones Industrial Average from Inauguration Day to Aug 12 of their 3rd year in the White House: GHWB: +34.2% Clinton: +42.4% GWB: -11.9% Obama: +41.7% Trump: +30.1%
Source: CNBC - 🏆 12. / 72 Read more »
CBS and Viacom merge to form $30 billion media companyWith streaming video now the leading story, the two companies are fusing their war chests to better compete for viewers. Yay!! Bigger Better B-S!! God I hope I don’t have to see BBT on Comedy Central, I’ll die. It's basically a 2nd marriage.
Source: NBCNews - 🏆 10. / 86 Read more »
CBS-Viacom Merger Imminent As Sides Agree On PriceCBS and Viacom have agreed to a price for their long-awaited merger and plan to formalize the deal with an announcement after the close of trading today, sources tell Deadline. The “exchange ratio”…
Source: DEADLINE - 🏆 109. / 63 Read more »