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CBS, Viacom Officially Reunite With Merger After Years of Squabbling

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ViacomCBS Inc. is projecting $500 million in “synergy savings” once the uniting companies cut their overlapping corporate operations

It’s finally official: CBS and Viacom will reunite in a merger, which is expected to close by the end of the year. The companies were united before—from 2000 to 2006—and now, after a dogged effort from, the deal followed more than two days of negotiations. Once the union is complete, “synergy savings” are expected to total $500 million—after the two entities ax their overlapping operations. So in other words, prepare for some layoffs in the not-so-distant future.

The deal follows years of squabbling; Redstone has been pushing for a merger for years, an effort CBS’s former chairman,Once the companies merge, their combined portfolios will leave them better positioned to compete with some of the other Frankenstein’s-monster-like corporate giants that have emerged in recent years, including the recently united Disney and Fox, Comcast, and AT&T.

 

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You mean layoffs.

This Means More USA Layoffs Are Coming.

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