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On December 31, 2005, American mass media company Viacom split into two companies: the second CBS Corporation, its successor (the first being a short lived rename of Westinghouse Electric) which held the namesake flagship channel CBS, CBS News, CBS Sports, Showtime Networks, UPN (merged with The WB to form the CW, co-owned by Time Warner), Smithsonian Channel, Channel 10, PopTV, Simon and ...
[48] [49] As part of the re-merger deal, CBS acquired Viacom for up to $15.4 billion. [50] On August 13, 2019, CBS and Viacom agreed to merge into a new entity known as ViacomCBS (now Paramount Global), with Viacom CEO Bob Bakish as president and CEO of the new company and CBS CEO Ianniello as chairman and CEO of CBS and oversee CBS-branded ...
A year later, CBS sold all of its commercial nuclear power businesses to British Nuclear Fuels Limited (BNFL). [20] In connection with that sale, certain rights to use the Westinghouse trademarks were granted to the newly formed BNFL subsidiary, Westinghouse Electric Company. [20] That company was sold to Toshiba in 2006. [21]
Shari Redstone can’t wait to ring that bell. After three years and three tries, Viacom and CBS Corp. have been reunited as one company, ViacomCBS, as of Wednesday. The closing of the deal ...
In 1999, CBS Corporation sold its nuclear business (Westinghouse Electric Company) to British Nuclear Fuels Limited (BNFL) [4] and a year later CBS Corporation was merged into Viacom (1971–2005), putting an end to the original Westinghouse.
Let's check out the Yahoo Finance charts of the day. Viacom (VIA) :Shares dropping here, down around -.8%. Reuters reports CBS will make an all-stock bid for Viacom below current valuation ...
ViacomCBS (NASDAQ: VIAC) shares are up 161.5% so far in 2021, including a 67.2% gain in the past month. Berna Barshay, editor and research analyst at Empire Financial Research, on Monday wrote ...
Paramount Pictures, CBS, and Viacom each had a history of being associated with one another through a series of various corporate mergers and splits. [10] Paramount Pictures was founded in 1912 as the Famous Players Film Company. [11]