CBS’ board will meet on January 31, and the possibility of a merger between the former corporate siblings will be a hot topic on the agenda, according to Bloomberg, which reports that a decision “could come within weeks.”
A potential combination between CBS and Viacom, whose assets include Comedy Central, MTV, Nickelodeon, and the Paramount film studio—was in the spotlight for most of 2018, as the desire to bulk up on content and the companies’ shared history and ownership drove merger discussions. The two split in 2006, and both are majority controlled by the Redstone family’s National Amusements.
National Amusements pushed for a merger last spring, but the companies’ executive teams couldn’t find common ground. The discussions devolved into boardroom battles and a lawsuit, and the merger was eventually dropped with National Amusements agreeing not to bring it up again for at least two years.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI