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Viacom surges after reports it’s in talks to combine with CBS (VIA)

Viacom batch priceMarkets Insider

  • Shares of media firm Viacom peaked as much as 12% just before the shutting bell Friday after TheWrap reported it was in talks to combine with CBS. The batch sealed up 7%. 
  • The news website pronounced CBS authority Les Moonves is now open to the consolidation, reversing his prior stance, citing 3 people with believe of the talks.
  • Viacom was shaped in 2005 out of a separate from the prior iteration of the company, with the prototype re-branded as the CBS Corporation. Viacom now operates prolongation studios including Paramount Pictures and Paramount Television; TV stations including BET, Comedy Central, and Nickelodeon; and ratemyprofessors.com.
  • The two companies have formerly attempted to combine at the ask of infancy stakeholder National Amusements, but the understanding was called off in Dec 2016.

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