CBS and Viacom Strike Deal for Long-Thwarted Merger – The Wall Boulevard Journal
Business

CBS and Viacom Strike Deal for Long-Thwarted Merger – The Wall Boulevard Journal

CBS Corp. and Viacom Inc. agreed to merge, a deal the media corporations hope will attach them on stronger footing to compete with bigger competitors in a industry buffeted by cable TV wire-cutting and increasingly dominated by streaming.

The all-stock deal, if carried out, will reunite the media empire of mogul Sumner Redstone, who had break up up CBS and Viacom in 2006. This may per chance maybe well originate a serious leisure participant valued at roughly $30 billion, combining Viacom properties comparable to MTV, Nickelodeon, Comedy Central and the Paramount movie and…

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August 13, 2019

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