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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.
Feb 16, 2022 · They split again in 2006, and then merged in 2019 to become ViacomCBS, which had been their name for three years until in February 2022 when they changed their name to Paramount Global.
Dec 5, 2019 · 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 ...
Aug 13, 2019 · Aug. 13, 2019, 6:12 PM UTC. By Claire Atkinson. After three years of negotiations, CBS and Viacom are coming together to form a $30 billion company, controlled by Shari Redstone and cementing...
Dec 4, 2019 · Here is a timeline of key events for CBS and Viacom over the past 20 years: 1999: SEPTEMBER: Sumner Redstone’s National Amusements Inc. sets $40 billion deal to acquire CBS and merge it with...
Aug 14, 2019 · Viacom and CBS first merged in 1999 during the dotcom bubble in a deal that was valued at $35.6 billion at the time. One news outlet described management's vision as "a blockbuster ... move...
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Aug 13, 2019 · The original Viacom was first created in the 1970s after the Justice Department forced CBS to sell off its syndication unit. Originally just a distribution company, Viacom began purchasing TV...
