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CBS, Viacom in final stages of merger talks

bizjournals Monday, 12 August 2019 ()
CBS Corp. and Viacom Inc. are so close to re-merging that the media conglomerates could announce a deal as early as Monday. The two companies worked through the weekend to hammer out a deal, including agreeing to the exchange ratio for the all-stock transaction. They’re looking at somewhere in the range of 0.59 to 0.60 CBS share per one Viacom share, reported The Wall Street Journal — representing “a small premium” for CBS, which has a market cap of around $18 billion, and “slightly below”…
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News video: CBS and Viacom Agree to Merge After Years of Discussion

CBS and Viacom Agree to Merge After Years of Discussion 01:08

CBS and Viacom Agree to Merge After Years of Discussion. After years of back-and-forth discussions, media giants CBS and Viacom will merge. The new company, ViacomCBS, will be headed by Viacom CEO Bob Bakish. Current CBS CEO Joe Ianiello will act as chairman for CBS as well as maintaining control of...

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