2019 merger of CBS and Viacom
2019 merger transaction / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about 2019 merger of CBS and Viacom?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019. The merger of equals reunited CBS Corporation and Viacom into a single company known as ViacomCBS (today known as Paramount Global) after their separation from the first incarnation of Viacom on December 31, 2005. Both companies were owned by the theater company National Amusements, which remains the owner of the merged entity.
Quick Facts Initiator, Target ...
Initiator | CBS Corporation |
---|---|
Target | Viacom |
Type | Merger |
Cost | US$15.4 billion |
Initiated | August 13, 2019 |
Completed | December 4, 2019 |
Resulting entity | ViacomCBS (now Paramount Global) |
Close