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CBS board to discuss potential Viacom merger on Thursday: sources
Source: Reuters
#BUSINESS NEWS JANUARY 31, 2018 / 3:43 PM / UPDATED 29 MINUTES AGO
CBS board to discuss potential Viacom merger on Thursday: sources
Reuters Staff
3 MIN READ
(Reuters) - CBS Corp’s board is expected to discuss a merger with Viacom Inc on Thursday, sources told Reuters, a move that could begin a formal process to reunite the companies split by controlling shareholder Sumner Redstone more than a decade ago.
The board will need to decide if the deal is now attractive enough to CBS shareholders to overshadow concerns that scuttled a proposed tie-up pushed by Sumner and his daughter Shari Redstone in 2016.
The CBS board meeting is regularly scheduled and no announcement may come out of it, said the sources, who wished to remain anonymous because they are not permitted to speak to the media.
Viacom and CBS spokespeople declined to comment.
-snip-
CBS board to discuss potential Viacom merger on Thursday: sources
Reuters Staff
3 MIN READ
(Reuters) - CBS Corp’s board is expected to discuss a merger with Viacom Inc on Thursday, sources told Reuters, a move that could begin a formal process to reunite the companies split by controlling shareholder Sumner Redstone more than a decade ago.
The board will need to decide if the deal is now attractive enough to CBS shareholders to overshadow concerns that scuttled a proposed tie-up pushed by Sumner and his daughter Shari Redstone in 2016.
The CBS board meeting is regularly scheduled and no announcement may come out of it, said the sources, who wished to remain anonymous because they are not permitted to speak to the media.
Viacom and CBS spokespeople declined to comment.
-snip-
Read more: https://www.reuters.com/article/us-viacom-m-a-cbs/cbs-board-to-discuss-potential-viacom-merger-on-thursday-sources-idUSKBN1FK31G
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