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CBS, Viacom Agree To $30 Billion Media Merger

CBS 2 Tuesday, 13 August 2019
CBS Corp. is buying Viacom in an all-stock transaction that values Viacom at around $12 billion. The market value of CBS Corp. is about $18 billion.
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News video: CBS and Viacom Agree to Merge After Years of Discussion

CBS and Viacom Agree to Merge After Years of Discussion 01:08

CBS and Viacom Agree to Merge After Years of Discussion. After years of back-and-forth discussions, media giants CBS and Viacom will merge. The new company, ViacomCBS, will be headed by Viacom CEO Bob Bakish. Current CBS CEO Joe Ianiello will act as chairman for CBS as well as maintaining control of...

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