Cbs Viacom Merger Agreement Sec

On November 25, 2019, Viacom and CBS announced that the merger would close on December 4 and would be traded on NASDAQ the following day. [36] [37] On December 4, 2019, Bakish confirmed that the ViacomCBS merger was complete. [38] ViacomCBS Inc. is a U.S. multinational media and entertainment conglomerate created by the merger of the second incarnation of CBS Corporation and the second incarnation of Viacom on December 4, 2019[4] (separated from the first incarnation of Viacom in 2006) and headquartered in the One Astor Plaza complex in Midtown Manhattan. New York, USA. The company operates more than 170 networks and will reach around 700 million subscribers in around 180 countries by 2019. [5] On January 12, 2018, CNBC reported that Viacom had resumed discussions on the reinstatement of CBS Corporation, following the announcement of the merger of AT&T-Time Warner and disney`s plan to buy most of the assets of 21st Century Fox. Viacom and CBS have also faced strong competition from companies such as Netflix and Amazon. [12] Soon after, it was reported that the combined company may be a candidate to acquire the Lionsgate studio.

[13] Both Viacom and Lionsgate were interested in acquiring The Weinstein Company. [14] After the Weinstein effect, Viacom was listed as one of 22 potential buyers interested in acquiring TWC. [14] They lost the offer and, on March 1, 2018, it was announced that Maria Contreras-Sweet would acquire all of TWC`s assets for $500 million. [15] [16] Lantern Capital was to acquire the studio at a later date. On May 30 On May 27, 2019, CNBC reported that CBS Corporation and Viacom would consider merger talks in mid-June 2019. CBS` board of directors has been revamped with people open to merger; the merger was made possible by the resignation of Moonves, who had opposed all attempts at the merger. The talks had begun following rumors of CBS buying Starz from Lionsgate. [24] According to reports, CBS and Viacom have set August 8 as the informal deadline for reaching an agreement on the new merger of the two media companies. [25] [26] CBS announced that it would support Viacom at a cost of up to $15.4 billion as part of the new merger. [27] Viacom International Inc.

was founded in 1971 and Viacom International was renamed CBS Operations, Inc. in 2006. the second Viacom International Inc was founded in 2005. The company`s business area includes the broadcasting of visual and text-based television programmes on the basis of subscriptions or royalties. Viacom International Inc. is a subsidiary of Viacom. It is the holding company for copyrights and trademarks related to Viacom`s websites and its cable networks, in particular Viacom Media Networks, and is the division that granted product rights for its various features. This subsidiary was also credited to Viacom International, Inc. before being renamed ViacomCBS International, Inc.

in 2020, since the start of the second merger between Viacom and CBS in 2019. On September 14, 2020, ViacomCBS announced an agreement to sell CBSi-owned CNET Media Group to Red Ventures for $500 million. . . .