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Viacom & CBS Corp. Evaluate Potential Merger


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Viacom and CBS Corporation have formed special committees to evaluate a potential combination.

The companies both issued statements that said: “There can be no assurance that this process will result in a transaction or on what terms any transaction may occur.”

This marks the first step in a potential reuniting of the companies split by Sumner Redstone more than a decade ago. The companies previously explored a merger in 2016, but those talks fell through.

Redstone’s National Amusements, which owns a controlling stake in both media companies, expressed its support of the formal start of merger talks. “National Amusements supports the processes announced by CBS and Viacom to evaluate a combination of the two companies, which we believe has the potential to drive significant, long-term shareholder value,” the company said in a statement. “National Amusements does not currently intend to make any further comments regarding the process.”



About Kristin Brzoznowski

Kristin Brzoznowski is the executive editor of World Screen. She can be reached at kbrzoznowski@worldscreen.com.

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