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- The Redstone family, through its Massachusetts-based investment vehicle, National Amusements Inc., controls nearly 80% of the voting shares of the two companies. The family firm already has approved the all-stock transaction. Existing CBS shareholders will own 61% of the combined company, while existing Viacom shareholders will own about 39%.
www.latimes.com › entertainment-arts › businessCBS and Viacom agree to merge, reuniting in $12-billion deal ...
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Feb 16, 2022 · Benzinga. Feb. 16, 2022, 10:25 AM. ViacomCBS (NASDAQ:VIAC) has rebranded itself as Paramount Global, effective Feb. 17, and will be traded under the new ticker symbols “PARAA” for Class A shares...
Aug 20, 2021 · According to current analyst estimates, VIAC stock is trading at 10x 2021, 2022 and 2023 earnings. That’s right, analysts expect the company’s earnings-per-share to be exactly $4, give or take ...
Apr 2, 2021 · On Thursday, ViacomCBS’ market value was $28.7 billion. And Discovery — the company behind Food Network, HGTV, TLC and Animal Planet — closed at $43.31 a share, a significant pullback from ...
- meg.james@latimes.com
- Senior Entertainment Writer
Jul 10, 2017 · Your Complete Guide to Everything Owned by Viacom. Viacom Inc. VIA is one of the largest multinational media conglomerates in the world. The company owns various mass media enterprises such as ...
Aug 13, 2019 · (Reuters) - CBS Corp <CBS.N> and Viacom Inc <VIAB.O> agreed to merge on Tuesday, creating a company with more than $28 billion in revenue, as an increasingly competitive media landscape prompted...
Dec 5, 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.
Nov 22, 2019 · CBS To List Shares Of ViacomCBS On Nasdaq Following Merger. NEW YORK, Nov. 22, 2019 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) (" CBS ") today announced that it has notified the New York Stock Exchange (" NYSE ") that, following the effective time of the merger of Viacom Inc. (" Viacom ") with and into CBS (the "merger"), with CBS ...
