POTENTIAL DEAL DETAILS
|Date of Confirmation:||08/13/2019||Price at Confirmation:||$29.21|
|Potential Profit:||-0.24%||Annualized Profit:||-0.78%|
CBS Corp (CBS) on Tuesday said it had suspended its search for a new chief executive and extended the role of its interim CEO Joseph Ianniello until the end of the year, renewing speculation the U.S. media company will seek to merge with peer Viacom Inc. (VIAB)
May 30, 2019: The talks are expected to start in mid-June, CNBC reported on Thursday, citing sources. The companies have not yet held discussions, sources familiar with the companies said.
June 18, 2019: CBS Corp. (CBS) is preparing to make an offer for sister media company Viacom Inc. (VIAB) in the coming weeks, following a meeting of CBS directors last week in which a potential deal was discussed, according to people familiar with the situation.
August 12, 2019: The boards of CBS Corp. (CBS) and Viacom Inc. (VIAB) negotiated late into the night, trying to hash out a price for the long-awaited merger, according to people familiar with the matter.
August 13, 2019: CBS Corp. (CBS) and Viacom (VIAB), two of the world’s leading entertainment companies, today announced they have entered into a definitive agreement to combine in an all-stock merger, creating a combined company with more than $28 billion in revenue.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.