National Amusements Pushing Viacom/CBS
National Amusements, the majority shareholder of CBS and of Viacom, is urging a combination of the two, Viacom said in a news release Thursday. Viacom said it expects its board to form a special committee of independent directors to consider…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
the request. In the letter to Viacom, National Amusements said such a deal "might offer substantial synergies that would allow the combined company to respond even more aggressively and effectively to the challenges of the changing entertainment and media landscape." In a note to investors Thursday, Wells Fargo analyst Marci Ryvicker said, "CBS (and particularly CEO Les Moonves) is in the driver's seat here."