Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

CBS, Viacom seal merger deal - source

CBS, Viacom seal merger deal - source
FILE PHOTO: A woman exits the Viacom Inc. headquarters in New York, U.S. on April 30, 2013. REUTERS/Lucas Jackson/File Photo -
Copyright
Lucas Jackson(Reuters)
Euronews logo
Text size Aa Aa

(Reuters) – CBS Corp <CBS.N> and Viacom Inc <VIAB.O> have finalised their merger agreement, a source told Reuters on Tuesday, reunifying the U.S. entertainment companies after 13 years apart.

Viacom shareholders will receive 0.59625 CBS shares for each share they own.

The two companies are controlled by National Amusements Inc, the holding company owned by billionaire Sumner Redstone and his daughter, Shari.

(Reporting by Supantha Mukherjee in Bengaluru and Ken Li in New York; Editing by Saumyadeb Chakrabarty)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.