13-08-2019 20:32 via adage.com

CBS and Viacom are reuniting, and the new name will be ViacomCBS

CBS Corp. agreed to merge with Viacom Inc. in an $11.7 billion transaction, capping years of on-again, off-again talks between the U.S. media giants.The all-stock deal, announced Tuesday, unites the most-watched U.S. broadcast network with the parent of Paramount Pictures and cable channels such as MTV and Nickelodeon. It followed marathon negotiation sessions this week as the two sides hashed out a price for the long-awaited merger.CBS shareholders will get 61 percent of the combined compa
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