CBS, Viacom Officially Reunite With Merger After Years of Squabbling

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.

You mean layoffs.

This Means More USA Layoffs Are Coming.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

CBS, Viacom Reach Long-Awaited Merger Agreement to ReuniteAfter days of marathon negotiating sessions, CBS Corp. has reached an agreement acquire Viacom, marking the latest twist in the saga of the media giants first brought together by Sumner Redstone in… Lots of linear tv and a struggling movie studio Good luck When they're up against giants like Disney, WarnerMedia, and Comcast, the best smaller companies like these two can do is join forces. Best of luck to them. PAWS Inc., a subsidiary of ViacomCBS Inc. GarfieldFanArt
Source: Variety - 🏆 108. / 63 Read more »

CBS and Viacom reunite in mergerCBS and Viacom are finally reuniting in a long-awaited deal, putting some of the biggest brands in entertainment back under one corporate banner Say happy birthday to Fredo for me! So you all can report fake news Well of course. All the better to spread mega- fake news even further.
Source: cnnbrk - 🏆 393. / 55 Read more »

Viacom and CBS Announce MergerCBS and cable programming giant Viacom Inc. will merge to become ViacomCBS:
Source: PasteMagazine - 🏆 392. / 55 Read more »