CBS Corp. has only over the past couple of years talked more about its international growth opportunities beyond licensing its content abroad, such as Australia's Network Ten, which it acquired in late 2017, and the rollout of its streaming services abroad.
On Tuesday, in an internal memo about the mega-deal Ianniello again highlighted the worldwide opportunity, writing: "There is a race to create more of the best content. We are already leaders in this regard, and today’s news will accelerate our global ambitions."
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ViacomCBS Chief Bob Bakish Tells Investors Merger Removes “A Big Uncertainty”Investors long ago factored in the expected reunion of CBS and Viacom to their valuation of the companies’ stock prices, so Wall Street’s reaction to the confirmation of the merger was understandably muted
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CBS-Viacom merger is more whimper than Big BangThe broadcaster and the MTV owner, both controlled by the Redstone family, have finally inked a $30 bln reunion. Rogue CEOs, supine boards and dumb disputes gummed up the process. Hefty synergies won’t make up for perhaps more than $15 bln of value lost in three years of limbo.
Source: Breakingviews - 🏆 470. / 51 Read more »