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Technology Stocks : Viacom, Class B( VIAB ) - The New Viacom

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From: Sr K	8/13/2019 10:32:49 PM
	of 56

Prior post was 13 years ago. Paramount is remarketing a Paramount film, Goodbye Columbus. CBS and Viacom apparently have reached an agreement to reunify. One article had the deal valued at $12 billion. Let's check the WSJ before I send. On July 7, 1994 Paramount Communications Inc. was sold to Viacom following the purchase of 50.1% of Paramount's shares for $9.75 billion. At the time, Paramount's holdings included Paramount Pictures, Madison Square Garden, the New York Rangers, the New York Knicks, and the Simon & Schuster publishing house. 3:40 PM ET CBS Corp. and Viacom Inc. agreed to merge, a deal the media companies hope will put them on stronger footing to compete with larger rivals in a business buffeted by cable TV cord-cutting and increasingly dominated by streaming.

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