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On August 16, 2021, ViacomCBS announced that they had agreed to sell the CBS Building to the real estate investment and management firm Harbor Group International for $760 million, leasing the space back under a short-term lease. [60] On September 28, 2021, ViacomCBS announced that they had agreed to partner with software and data firm VideoAmp ...
The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019. The merger of equals reunited CBS Corporation and Viacom into a single company known as ViacomCBS (today known as Paramount Global) after their separation from the first incarnation of Viacom on December 31, 2005.
CBS Cable Networks – folded into Viacom Media Networks, later renamed to ViacomCBS Domestic Media Networks (later Paramount Media Networks) CBS EcoMedia; CBS Experiences Inc. CBS EYE Productions; CBS Films – Dormant and absorbed into CBS Studios with the theatrical distribution moved to Paramount Pictures in 2019. CBS Innertube
CBS and Viacom are finally, really, back to together. Less than four months after announcing their intentions to rejoin as one company, the companies closed their merger on Wednesday, beginning ...
Shares of ViacomCBS Inc, rebranded as Paramount Global, plunged 21% on Wednesday to their lowest in over a year, after the media company's earnings miss and its move to ramp up investments in ...
ViacomCBS (VIAC) set to intensify streaming competition in 2021 with the rebranding of CBS All Access as Paramount+, combining Viacom and CBS content portfolio.
On August 13, 2019, CBS and Viacom officially announced their merger; the combined company was to be named ViacomCBS, with Shari Redstone serving as chair. [11] [12] [13] Upon the merger agreement, Viacom and CBS jointly announced that the transaction is expected to close by the end of 2019, pending regulatory and shareholder approvals. [13]
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