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[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 ...
2000 – CBS acquired by Viacom; 2005 – Viacom is split into two companies in January, with a new Viacom being spun off of the old Viacom company, and the old Viacom being renamed as CBS Corporation, thus reviving Westinghouse's last name prior to sale, and reversing the 2000 Viacom-CBS merger [54] [55]
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 ...
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 ...
Westinghouse Electrique France is located in Orsay and Manosque near Marseille (engineering development). As of 2014, about 400 employees are part of Westinghouse in France. Westinghouse owns a nuclear fuel fabrication plant at Västerås, Sweden which has provided nuclear fuel for Russian VVER-1000 nuclear reactors.
The tension level in CBS and Viacom merger discussions has spiked dramatically during the past 48 hours as the sides stake out their positions on the valuation of Viacom and management plans for ...
The counter-offer would value Viacom at $14.7 billion, though since this is an all-stock deal, any ultimate value of a completed transaction would come down to fluctuating share prices.
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]