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CBS and Viacom, controlled by same family, to merge in $30 bn deal
short by Krishna Veera Vanamali / on 14 Aug 2019,Wednesday
US media giants CBS and Viacom, both controlled by the Redstone family, have agreed to combine in an all-stock merger to form ViacomCBS. CBS has a market value of $18 billion and Viacom about $11.7 billion. Shari Redstone, the daughter of billionaire Sumner Redstone, would become chairwoman of ViacomCBS, which will comprise brands like MTV, Comedy Central and Paramount Pictures.
short by Krishna Veera Vanamali / 05:48 pm on 14 Aug
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