Monday 5 February 2018

A special committee to evaluate CBS-Viacom merger

A special committee has been appointed by media giant Viacom to oversee its merger with CBS. The committee will have independent directors. If the merger gets finalized, the entity would have a market value of more than $37 billion. As per media sources, Viacom CEO Bakish is expected to have a senior role at the merged entity.


According to Viacom, there can be no assurance that this process will result in a transaction or on what terms any transaction may occur.

Two years back, CBS and Viacom explored and decided against a merger at the urging of its controlling shareholders, ailing 94-year-old media mogul Sumner Redstone and his daughter Shari Redstone.

CBS has cable networks including Showtime as well as the CBS TV Network and CBS TV Studios.

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