(Reuters) - CBS Corp (CBS.N) plans to make an all-stock offer for Viacom Inc (VIAB.O) that values the U.S. media company below its current market valuation, people familiar with the matter said on Monday, indicating that tough …
CBS stock closed Tuesday at $52.86, up about 4.2%. Viacom's stock, valued at $29.42 per share, was down more than 3%. --CNNMoney's Brian Stelter and Brian Lowry contributed to this report.
(Reuters) - CBS Corp plans to make an all-stock offer for Viacom that values the U.S. media company at below its current market valuation, people familiar with the matter said on Monday, indicating tough negotiations lie ahead. As part of its …
Viacom (NASDAQ:VIAB) -2.4% after-hours following a Reuters report that CBS plans to make an all-stock offer for the company below its current market valuation. CBS CEO Leslie Moonves would propose to stay at the helm for at least …