You are here

CBS and Viacom Considering Merger

CBS and Viacom Considering Merger
Share:

There has been on-going conversation between CEOs of two companies – CBS and Viacom. The conversation has centered around merging the two companies and their respective boards to discuss a potential combination. This will be further discussed in upcoming scheduled meetings.

Both organizations are managed by the family of Summer Redstone. Daughter of Redstone, Shari, had asked both the organizations to go for a merger last year, but the deal did not work out. Sources have indicated that the discussion between the two CEO’s about the merger could be the first step towards joining the two companies.

Les Moonves from CBS had previously stated that CBS did not want to be bigger and that he was not in favor of this deal. However, the discussion that was initiated earlier this year could be an indication that Moonves is open to the idea of a merger.

Sources have indicated that the discussion is at a very initial stage, and there have been no concrete decisions taken about the deal. The two companies will conduct separate board meetings in the forthcoming weeks, and the point regarding the merger will be discussed in these board meetings.


Share:
Anirudh Menon
Anirudh Menon
I have adorned multiple hats during my professional journey. My experience of 14 years comes in areas like Sales, Customer Service and Marketing. My journey as a professional writer started 5 years back, when I started writing for an in-house magazine for my employer. Having successfully delivered many in-house projects, it encouraged me to take my skill to the world. As on day, I have written articles, blogs website content for various industries like Information Technology, Start-up, Retail and Government. The subjects that I have covered range from Digital Marketing, SAP Cloud Platform, Cloud Computing, Content Marketing , Politics. Enhancement is a process and I constantly thrive to add more subjects in my portfolio. Over and above content writing, I also train language and communication to students who want to brush up their speaking skills. I am a part time trainer for IELTS coaching and also work as a budding voice over artist.

    Similar Articles

    Additional Resources to Download

    Top