UPDATED with closing stock prices
’s dropped 5% Monday as investors reacted to word that the companies were near the finish line in their merger negotiations.
Sources familiar with the talks say a deal is likely to be announced this week, though they cautioned that it would still be possible for negotiations to end without a final resolution. This is the third round of formal merger discussions since 2016.Viacom, whose stock closed at $28.53 Monday, has a market value of about $12 billion. CBS, which finished the day at $47.91, has a value in the $18 billion range.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Viacom Stock Drops, CBS Shares Rise Slightly in Early Trading as Deal NearsThe companies are closing in on a recombination, which could be announced as early as Monday, with one report suggesting the price of the deal could mean a slight premium for CBS shareholders.
Leer más »
CBS and Viacom Boards Haggle Over Price as Merger Talks AccelerateBoard members of CBS and Viacom worked most of the weekend in an effort to reach a long-awaited merger agreement for the two halves of the Redstone media empire. Sources close to the situation said…
Leer más »
Is Vice Looking for an Exit Strategy With CBS-Viacom?The millennial media behemoth is struggling, and Nancy Dubuc has been “cozying up” to Shari Redstone. But CBS-Viacom isn’t biting—yet.
Leer más »
CBS, Viacom in Final Stages of Deal TalksCBS and Viacom are in the final stages of negotiating a deal that would reunite mogul Sumner Redstone’s media empire in the hopes of creating a more formidable competitor to the entertainment industry’s giants.
Leer más »
CBS and Viacom negotiating share exchange ratio between 0.5960 and 0.5965The negotiations for the CBS and Viacom merger could finish as soon as Monday, sources said.
Leer más »
Jim Gianopulos Inks Multi-Year Deal As Paramount Boss Prior To CBS-Viacom MergerBREAKING: Ahead of the CBS-Viacom merger, Viacom has re-upped Paramount Pictures Chairman and CEO Jim Gianopulos to a new, multi-year contract. In addition, Paramount’s current production president…
Leer más »