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.
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.
No comments:
Post a Comment