CBS, Viacom in final stages of all-stock merger1 min read . Updated: 12 Aug 2019, 07:04 PM IST
Viacom shareholders to receive just above 0.595 CBS shares for each share they own
CBS Corp and Viacom Inc are in the final stages of negotiation of an all-stock merger, two sources told Reuters.
Viacom shareholders will receive just above 0.595 CBS shares for each share they own, the sources said, adding that the final terms could still change.
The two companies are controlled by National Amusements Inc, the holding company owned by billionaire Sumner Redstone and his family.