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Feb 15, 2022 · Updated on: February 16, 2022 / 7:50 AM EST / CBS News. ViacomCBS announced Tuesday that the company will become known as Paramount. "Effective February 16, we'll be bringing together our leading...
In 1974, CBS dropped its original full name and became known simply as CBS, Inc. The Westinghouse Electric Corporation acquired the network in 1994, renaming its legal name to the current CBS Broadcasting Inc. two years later, and in 1997 adopted the name of the company it had acquired to become CBS Corporation.
The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019. The merger of equals reunited CBS Corporation and Viacom into a single company known as ViacomCBS (today known as Paramount Global) after their separation from the first incarnation of Viacom on December 31, 2005.
Dec 4, 2019 · Commercially, ViacomCBS will be the most important partner in the media ecosystem. The company will deliver the largest share of the U.S. television audience and hold number-one positions in every demographic we serve, including total viewers 2+, kids, Adults 18-49 and 25-54, African Americans and Latinx viewers.
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. The market value of...
NEW YORK--(BUSINESS WIRE)--Dec. 4, 2019-- ViacomCBS Inc. (Nasdaq: VIACA, VIAC) (“ViacomCBS”) today announced the completion of the merger between CBS Corporation and Viacom Inc. The combined company, which is renamed ViacomCBS, creates a premium content powerhouse with global scale, including leadership positions in markets across the U.S ...
Nov 26, 2019 · The all-stock deal is structured as an acquisition of Viacom by CBS. After closing, CBS shareholders will own approximately 61 percent of the new company, and owners of Viacom will hold about 39 ...
