Viacom (VIAB) could suitor in CBS Corp. (CBS) eventually after years of negotiations stop and go.
Viacom Shares have been over 3% to the bottom up in pre-market hours on the imminent announcement of the media merger. In contrast, CBS shares remain flat.
On Sunday, Bloomberg reported that discussions between the two media groups could be concluded as early as today, and it is likely that the proposal will be dealt with last year following a number of negotiations on uncertain terms.
– CNBC Now (@CNBCnow) August 7, 2019
The merger would reconstitute the two companies after a number of years rather than after the former chairman, Sumner Redstone was split in 2006.
National Entertainment 'It is expected that Shari Redstone, who was at the heart of corporate imagination by the companies after the uncertain succession of her father and governing the two companies, will chair the group combined with Viacom CEO, Bob Bakish, assuming the expanded role. Chief executive for both average companies.
It is considered a key driver for Redstone to renew merger talks and that Bakish was likely to accept the way Bakish took with the broadcaster CEO, Les Moonves, who retired after more than twenty years with the broadcaster among numerous allegations. sexual harassment and inappropriate behavior. the best role after combinations.
Neither Ian nor the current CEO of Joe Joeiello spoke to the speculation on the merger agreement in last week's earnings calls, although strong earnings results from each may influence last-minute dealings.
"As you will see from the result" return to growth " [in Viacom’s earnings]Viacom says, probably, Viacom is keeping out for a better price, "said Jim Cramer PLUS Action team from Viacom's latest report." We look forward to further updates on the deal in the coming days. "
The discussion is considered vital for the survival of media entities by shareholders as the cut cuts from Disney (DIS), Netflix (NFLX), Amazon (AMZN) and others excel at both traditional TV players. .
The companies' merger would make a significant amount of material under one shadow, which would support more streaming play than the recent SPC announced "All Access" a joint venture that could bring a more significant challenge to the people. names mentioned above. t
To be sure, the discussions between the two companies have been discussed for years, leaving many doubts about the status of negotiations after so many fake starters.
I'm listening to Viacom and CBS could occur in this century.
– Joe Flint (@JBFlint) August 9, 2019
Viacom investors will have to expect that the third time after Redstone's efforts to recreate the companies without the mark in 2016 and 2018 will be extremely worrying.
At least, the reports suggest that the final negotiations could allow the announcement to fall into Tuesday or possibly later in the week.
(Disney, Viacom and Amazon are holdings of Jim Cramer PLUS Alert Activity Club. You want to know before Jim buys Cramer DIS, VIAB or AMZN?
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