CBS, Viacom Reach Long-Awaited Merger Agreement to Reunite

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After 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…

first brought together by Sumner Redstone in 1999.near its current market cap of $12 billion — meaning that the acquisition premium was already reflected in Viacom’s share price after months of merger speculation.

CBS’ previous management regime led by former chairman-CEO Leslie Moonves had balked at the prospect of a reunion — so much so that the CBS board filed a lawsuit against Redstone in May 2018. The push by Shari Redstone to bulk up CBS and Viacom comes as both companies have been dwarfed in size and scope by the tech giants who have barrelled into media in the past few years. Disney, Comcast, AT&T have also grown dramatically during the past two decades. It’s understood that Shari Redstone is also open to the possibility of selling the combined company down the road.

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So comibined they now own like 7 streaming services & 15+ TV networks amongst all the other stuff. Is nobody going to call thema “monopoly” lol

GraceRandolph yay or nay?

How will this effect entities such as the CW Network?

PAWS Inc., a subsidiary of ViacomCBS Inc. GarfieldFanArt

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.

Lots of linear tv and a struggling movie studio Good luck

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CBS and Viacom Strike Deal for Long-Thwarted MergerCBS and Viacom agreed to merge in a deal that would reunite mogul Sumner Redstone’s media empire in the hopes of creating a more formidable competitor to the entertainment industry’s giants. This should be illegal but whatever we’re living in a fantasy land with no rules at this point anyway increased M&A activity is bearish right? I know several CBS Executives that were pushed out because they were hired by Les. One worked there for 20 years, it's a disgrace what they did. The company literally pushed people out, gave them fake Development Deals for shows they'll never buy. A corporation built on revenge.
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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.
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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”…
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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%
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »