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Stock impact report

CBS makes bid for Viacom [CNN]

Fox Corporation - Class A (FOXA) 
Last fox corporation - class a earnings: 2/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: 21cf.com/investor-relations
Company Research Source: CNN
CBS makes bid for Viacom Viacom and CBS have been dancing around each other for years. Now their reunion might actually happen. CBS offered to buy the cable TV and film company, according to a person familiar with the matter. A deal would bring the two media companies back together more than a decade after they separated. But it's not exactly a marriage of equals. At the time the bid was submitted, it valued Viacom at less than its market value, and CBS wants its CEO and chairman Les Moonves to lead the new company, the person said. Viacom ( VIA ) is best known for its cable channels, including MTV and Nickelodeon, and movie studio Paramount. CBS ( CBS ) controls the CBS broadcast network, Showtime and streaming network CBS All Access. The Redstone family, led by media mogul Sumner Redstone, controls roughly 80% of the voting shares of both companies. The Redstones have toyed with the idea of bringing their companies back together before. The last significant attempt failed in Show less Read more
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