Viacom, CBS jump on report of new re-merger pursuit

Will Viacom and CBS Get Back Together?

Viacom, CBS jump on report of new re-merger pursuit

A Bloomberg report says while Redstone continues to be interested in a re-merger, no active talks are taking place between Viacom and CBS. The people also said that no committees have been formed.

Redstone also decided that she wanted to give Viacom Chief Executive Bob Bakish - who was appointed at the end of 2016 - a chance to turn around the company. In 2016, Sumner Redstone's National Amusements - of which daughter Shari is president - sent Viacom a letter asking for an all-stock merger with CBS.

Compounding matters, Paramount is coming off another rough year, with recent flops such as "Suburbicon", "Mother" and "Downsizing".

Paramount's new chairman and CEO, Jim Gianopulos, who joined a year ago, has been shaking up the studio's executive ranks in an effort to engineer a turnaround.

Bruno Varela eleito Melhor Jovem do mês de dezembro na Primeira Liga
Na Segunda Liga , Ricardo Tavares ( Oliveirense ) foi eleito o melhor "delfim" do último mês de 2017. O segundo classificado foi Gelson Martins (13 ,21%) e o terceiro Bruno Fernandes (13 ,14%).

But soon after, CNBC that said the two media companies are not in active merger talks, citing multiple reports.

Telecommunications giant AT&T is trying to buy Time Warner Inc., which owns HBO, CNN, TBS and the Warner Bros. movie and television studio.

But that was before Walt Disney ( DIS ) agreed to acquire 21st Century Fox ( FOXA ) entertainment assets.

Viacom ( VIAB ), after surging during the regular session on chatter that it was looking to merge with CBS ( CBS ), is now sliding late on further reports suggesting negotiations are not ongoing.

European Commission wants €1 billion investment in European supercomputers
These computers will aid the development of artificial intelligence and function to improve health, security and engineering.

Others have speculated on the prospect of a roll-up of CBS, Viacom and Lionsgate. But as recently as previous year, Shari Redstone said that a merger would have squashed Viacom's "momentum".

CBS shares ended Friday's session almost 2 percent higher, while Viacom closed more than 9 percent higher.

CBS stock closed up almost 2%, or $1.05 to $58.83 a share.

Brady 'Excited' for Titans Game, Not Worried About Distractions
The tight end stands 6-foot-8, 275 pounds - so, according to official roster figures, he has 2 inches and 10 pounds on Gronkowski. This contest screams of a game dominated by Rob Gronkowski , who eats up the middle of the field against mediocre linebackers.

Últimas notícias