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- CBS Corp. is buying Viacom in an all-stock transaction that values Viacom at its current stock market capitalization of around $12 billion, the companies announced Tuesday.
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Aug 14, 2019 · CBS Corp. is buying Viacom in an all-stock transaction that values Viacom at its current stock market capitalization of around $12 billion, the companies announced Tuesday.
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Oct 17, 2019 · ViacomCBS shares will trade under the ticker symbol VIACA (for the preferred shares largely held by NAI) and VIAC (for the common shares). The combined company will take a cue from CBS in having...
- What It Will Own
- Why It’S Happening
- What’s Next?
- What Does It Mean For Viewers?
The newly merged company will house a host of valuable media assets. Under CBS Corporation, the larger of the two companies, are the CBS broadcast network, local TV stations, the premium pay-TV channel Showtime, Network Ten in Australia, 50 percent of the CW Network with WarnerMedia, and the book publisher Simon & Schuster. Viacom owns Paramount Pi...
CBS and Viacom will need their greater size to compete with heavyweight rivals such as Netflix — which has 151 million paid subscribers — but also with Amazon, Disney, Hulu and a dizzying array of new entrants such as WarnerMedia's HBO Max and a new streaming service from Comcast’s NBCUniversal. (NBCUniversal is the parent company of NBC News.) The...
The CBS-Viacom merger is the culmination of at least three years of discussions. Earlier talks foundered after the CBS board and Les Moonves, the company's former chief executive officer, initiated a corporate coup, attempting to dilute the power of the Redstone family, which holds the majority of voting shares in Viacom and CBS via National Amusem...
Together, CBS and Viacom will offer a plethora of paid and free streaming services. And while other companies such as Disney have been yanking content from Netflix, CBS and Viacom are eager sellers to their competitors. But the bottom line is shifting ever higher as companies battle for viewers. “The media company of the future, if it wants to be v...
Reports said that CBS and Viacom reportedly set August 8 as an informal deadline for reaching an agreement to recombine the two media companies. CBS announced to acquire Viacom as part of the re-merger deal for up to $15.4 billion. On August 2, 2019, it was reported that CBS and Viacom agreed to merge back into one entity.
Aug 13, 2019 · The new company will be named ViacomCBS Inc, although CBS shareholders will own 61% and Viacom shareholders will own 39%. The merger will combine the CBS television network, CBS News, Showtime...
Dec 4, 2019 · Holders of CBS Class A shares and CBS Class B shares will continue to own their existing shares, which are now shares of ViacomCBS. ViacomCBS will have an attractive growth outlook, be positioned to deliver beneficial cost and revenue synergies and generate substantial free cash flow.
Dec 4, 2019 · CBS Corp. and Viacom are united once again. The merger of the two halves of the Redstone family media empire into ViacomCBS was completed Wednesday, just four months after the boards of CBS...
