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- 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 percent.
www.forbes.com › sites › jonathanberrHere Is Everything You Need To Know About The Viacom-CBS Merger
Nov 26, 2019 · After closing, CBS shareholders will own approximately 61 percent of the new company, and owners of Viacom will hold about 39 percent. The deal valued Viacom at $11.8 billion, higher than the...
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Feb 16, 2022 · In 1929, the film company had bought 49 percent of shares in the TV business, but sold them back three years later. But to quickly get us back to 2022—in 1999, Viacom bought CBS, its former...
- 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...
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. Both companies were owned by the theater company National Amusements, which remains the owner of the merged 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,...
Dec 4, 2019 · The all-stock transaction is worth nearly $12 billion, which was the market capitalization of Viacom, the media company that owns MTV, Comedy Central, Nickelodeon, BET and Paramount Pictures,...
As previously announced, as a result of the merger, each Viacom Class A share and Viacom Class B share converted into 0.59625 of a Class A share and Class B share of ViacomCBS, respectively. Holders of CBS Class A shares and CBS Class B shares will continue to own their existing shares,
