Viacom and CBS Expect to Close Merger in Early December
October 28 2019 - 08:10PM
Dow Jones News
By Josh Beckerman
The combination of Viacom Inc. (VIA, VIAB) and CBS Corp. (CBS)
is expected to be completed in early December, the companies said
Monday.
A registration statement on Form S-4 was declared effective by
the Securities and Exchange Commission on Friday.
The all-stock deal was announced in August. Shari Redstone will
become chair of the combined company. Ms. Redstone is president of
National Amusements Inc., the holding company that controls both
CBS and Viacom.
On Monday, CBS and Viacom said National Amusements has approved
the transaction.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 28, 2019 19:55 ET (23:55 GMT)
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