CBS Corp and Viacom Inc have reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire after 13 years apart, creating a company with more than $28 billion in revenue.
Viacom shareholders will receive 0.59625 CBS shares for each share they own, representing a slight premium to Viacom’s closing price on Monday.
Should be good news for Star Trek fans at least :P
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CBS shareholders stand to get slight premium in Viacom merger: sourcesThe deal, which could be announced as early as Monday, will reunite CBS and Viacom, bringing together the CBS television networks, cable network Showtime, and book publisher Simon & Schuster with MTV networks, Nickelodeon and the Paramount movie studio
Source: globeandmail - 🏆 5. / 92 Read more »
CBS shareholders stand to get slight premium in Viacom merger: sourcesThe deal, which could be announced as early as Monday, will reunite CBS and Viacom, bringing together the CBS television networks, cable network Showtime, and book publisher Simon & Schuster with MTV networks, Nickelodeon and the Paramount movie studio
Source: globeandmail - 🏆 5. / 92 Read more »