According to sources, television broadcaster CBS (NYSE:CBS) and media giant Viacom (NASDAQ:VIA) have agreed to merge, thus creating ViacomCBS. The decision ends years of talks between the pair.
ViacomCBS: The DetailsThe joint company will now be called ViacomCBS. CEO of Viacom, Bob Bakish, will head up the combined company, while interim CBS CEO, Joe Ianiello, will be the chairman of CBS and will remain in charge of CBS assets after the merger.
The new company will be split between current CBS and Viacom shareholders, with 61% going to the former and 39% of ...
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