TV

CBS and Viacom Close Their Merger

5 days ago   |   By The Wrap

CBS and Viacom are finally, really, back to together. Less than four months after announcing their intentions to rejoin as one company, the companies closed their merger on Wednesday, beginning the new ViacomCBS era.
The merger took effect following the closing bell on Wednesday. ViacomCBS Inc. will begin trading on the Nasdaq on Thursday under ticker symbols VIACA and VIAC. The move puts the CBS broadcast network, Viacom's stable of cable channels like MTV and Nickelodeon, and the Paramount film and TV studio under one roof.
The two companies agreed in August to an all-stock deal that...
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Viacom, CBS Shares Rise On Their Final Day As Long-Awaited Merger Takes Effect

5 days ago   |   By Deadline

Viacom and CBS shares perked up Wednesday, each rising more than 3% in their final day of trading as separate companies. The media companies' all-stock merger took effect after the closing bell. Shares in ViacomCBS will begin trading Thursday morning on the Nasdaq. CBS stock closed at $40.68 on nearly triple its average trading volume....
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