CBS and Viacom negotiating share exchange ratio between 0.5960 and 0.5965 for merger

are finalizing their merger agreement, negotiating a share exchange ratio between 0.5960 and 0.5965, people familiar with the matter said.

An exchange ratio of about .59625 — the midpoint of the narrow range — would value Viacom at nearly $12 billion with anof more than $20 billion. CBS will exchange its shares for each Viacom Class B share. Shari Redstone, whose National Amusements is the principal owner of both companies, has advocated for a deal to give a combined company more financial heft to compete against media and tech heavyweights including Amazon and Apple for entertainment and sports rights, most notably the National Football League. CBS owns NFL broadcast rights until 2022 and "will do what is necessary" to renew them, according to CBS Sports chief Sean McManus.

Such horseshit, if that’s the agreement then the Viacom shareholder is getting screwed.

Stellate23 Too many mergers and buyouts. The consumer is being squeezed from every angle. Competition is healthy for the economy. Greed and consolidation of power are not. 😳

Government should not allow merger. Mergers are bad for America.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Gianopulos Inks Multi-Year Deal As Paramount Boss Prior To CBS-Viacom MergerBREAKING: Ahead of the CBS-Viacom merger, Viacom has re-upped Paramount Pictures Chairman and CEO Jim Gianopulos to a new, multi-year contract. In addition, Paramount’s current production president…
Source: DEADLINE - 🏆 109. / 63 Read more »

Jim Gianopulos Signs New Multi-Year Deal as Paramount Chief Ahead of CBS-Viacom MergerViacom has signed Paramount Pictures Chairman and CEO Jim Gianopulos to a new, multi-year contract, individuals familiar with the talks told Variety. The development comes as Viacom is expected to …
Source: Variety - 🏆 108. / 63 Read more »

CBS and Viacom Shares Drop as Merger Talks Drag OnShares of CBS and Viacom were dented in trading Monday as investors awaited news of a merger agreement between the two media companies controlled by the Redstone family. Viacom shares fell 5% to cl…
Source: Variety - 🏆 108. / 63 Read more »

CBS And Viacom Stocks Both Sink As Merger Deal Nears Close – UpdateUPDATED with closing stock prices. Shares of CBS slipped 2% after early gains and Viacom’s dropped 5% Monday as investors reacted to word that the companies were near the finish line in their…
Source: DEADLINE - 🏆 109. / 63 Read more »