CBS, Viacom stocks rally on rumors of possible merger talks

CBS and Viacom shares jumped Friday as rumors swirled that the formerly joined media giants had re-entered merger talks. Both companies are controlled by the Redstone family — which split them in two in 2006 to maximize their value. While CBS, led by Chief Executive Les Moonves, has prospered, Viacom has struggled mightily — sparking......

17 Published By - New York Post - News, Gossip, Entertainment, Sports & Opinion - 2018.01.13. 03:57
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