NY Post

Viacom-CBS Merger to Be Set by Thanksgiving? That’s What They’re Saying; Also: a Top Candidate to Lead Viacom

Oct 20, 2016  •  Post A Comment

The reunion of Viacom and CBS appears to be on a fast track, with Viacom shareholders expecting a merger agreement by Thanksgiving, The New York Post reports.

“National Amusements Inc., the controlling shareholder of both Viacom and CBS, said on Sept. 29 that it sees the deal as an all-stock transaction with an at-market price,” The Post reports. “Still, some Viacom shareholders are holding out hope for an extra serving of a sweetener for the deal — with the continuing possibility that China’s Wanda Group might still be waiting in the wings with a big check for Paramount or at least give the studio some financing on the upcoming slate.”

The report also notes that controlling shareholder Shari Redstone is looking for someone to lead Viacom after acting CEO Tom Dooley exits in mid-November, with Bob Bakish, the president of Viacom international, one of the top candidates.


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