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CBS And Viacom Finally Announce A Merger Deal
Tuesday, August 13, 2019 - 2:42pm | 463CBS Corporation (NYSE: CBS) and Viacom Inc (NASDAQ: VIAB) announced Tuesday afternoon they're merging, reuniting the entertainment companies that split more than a decade ago as they seek to compete in a world changing how it watches TV and movies. What Happened The merger, which follows months...
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Report: CBS-Viacom Deal Could Come Monday, CBS Shareholders Could See Slight Premium
Monday, August 12, 2019 - 11:29am | 303CBS Corporation (NYSE: CBS) and Viacom Inc (NASDAQ: VIAB) are close to a merger deal that would value Viacom below its most recent closing price, Reuters reported Monday. Shares of both media companies were trading down after the report, which cited unnamed sources in saying Viacom shareholders...
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Les Moonves Won't Get A Penny Of His $120M CBS Severance Package
Tuesday, December 18, 2018 - 10:39am | 478Former CBS Corporation (NYSE: CBS) CEO Les Moonves won't receive any of the $120 million severance package he was granted after the TV network's board of directors concluded it had grounds to terminate Moonves. What Happened Moonves resigned in September after sexual misconduct allegations...
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The Latest CBS Drama Series Is Playing Out On The Board, Not On TV
Tuesday, May 15, 2018 - 8:23am | 412CBS Corporation (NYSE: CBS)'s move to file a lawsuit against its own parent company, National Amusements, has one of two outcomes -- both of which are a potential negative for the stock, according to KeyBanc. The Analyst KeyBanc Capital Markets' Andy Hargreaves maintains a Sector Weight...
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CBS Sues Controlling Shareholder National Amusements, Accuses Shari Redstone Of Undermining Board
Monday, May 14, 2018 - 10:42am | 390CBS Corporation (NYSE: CBS) filed a lawsuit Monday to prevent a merger with Viacom, Inc. (NASDAQ: VIAB) and strip the proposal’s strongest advocate of significant voting power. The lawsuit accuses Shari Redstone, president of majority shareholder National Amusements and vice chair of...
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Report: CBS-Viacom Merger Drama Centers On Leadership Of Combined Company
Wednesday, April 11, 2018 - 2:31pm | 373The on-again, off-again merger between CBS Corporation (NYSE: CBS) and Viacom, Inc. (NASDAQ: VIAB) is taking a dramatic turn that could alienate CBS CEO Les Moonves. What Happened Shari Redstone, daughter of media mogul Sumner Redstone, continues her push to combine CBS and Viacom into one...
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Wunderlich Bullish On Viacom CEO Bakish, Justifies 60% Upside
Tuesday, December 13, 2016 - 11:19am | 351Redstone-family-controlled National Amusements announced its decision to end efforts to merge Viacom, Inc. (NASDAQ: VIAB) and CBS Corporation (NYSE: CBS). “It is now apparent that Shari Redstone (and many investors) are impressed with new CEO Bob Bakish,” Wunderlich’s Matthew...
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Here's What Jefferies Expects From Viacom's Strategic Plan
Monday, September 19, 2016 - 2:40pm | 561Viacom, Inc. (NASDAQ: VIAB) is likely have a strategic shift under Tom Dooley, the interim CEO who is expected to succeed Philippe Dauman on a full-time basis by the end of the month. Jefferies examined various strategic options for Viacom and is not expecting any deal to come out of last week's...
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Bloomberg: Viacom's Shari Redstone Considering Recombining Company With CBS
Monday, August 29, 2016 - 8:52am | 383Shari Redstone, daughter of the ailing 93-year-old Sumner Redstone, is now in control of her father's media empire, Viacom, Inc. (NASDAQ: VIA) (NASDAQ: VIAB) and will soon need to decide how to proceed. According to a report by Bloomberg, Shari Redstone is considering a move to recombine Viacom...
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Redstones Feudin' Again: Sumner Vs. Shari Over Paramount Sale
Wednesday, June 15, 2016 - 2:29pm | 203In this corner, we have Shari Redstone, who Wednesday the NY Post reported has been in contact with Alibaba Group Holding Ltd (NYSE: BABA) founder Jack Ma in connection with the sale of Paramount Pictures, a holding of Viacom, Inc. (NASDAQ: VIAB). Related Link: What's Going On With CBS, Viacom And...
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Herzer: Sumner Redstone A 'Pawn' In 'Chairmanship Battle'
Friday, February 19, 2016 - 2:59pm | 256Former CBS Corporation (NYSE: CBS) and Viacom, Inc. (NASDAQ: VIAB) chairman Sumner Redstone's former caretaker Manuela Herzer claimed Redstone was manipulated in the chair transition as his health deteriorated. “Sumner has become a pawn in a highly-publicized battle for the Chairmanship...