Will Verizon Spoil Plans For A CBS-Viacom Merger? [telecom]

Have a question or want to start a discussion? Post it! No Registration Necessary.  Now with pictures!

by Jonathan Berr  

Well, add Verizon to the many plot twists in the on-again-off-again
merger drama involving CBS, Viacom, and the Redstone family which
controls both companies through the movie theater chain National
Amusements.

According to Reuters and other news sites, the largest U.S. wireless
carrier has expressed an interest in buying CBS though it isn't clear
how far the buyout discussions progressed.  Deadline.com says the
"high-level" talks occurred about a year ago, adding that Shari
Redstone indicated that she could see "greater value" in a deal for
both CBS and Viacom, which cooled Verizon's "urge to merge."  I would
suspect that the government's lawsuit to block the AT&T-Time Warner
deal may have played a role in Verizon's decision to "slow its roll"
as well.

https://www.forbes.com/sites/jonathanberr/2018/05/15/will-verizon-spoil-plans-for-a-cbs-viacom-merger/#3fd81fde5507

--  
Bill Horne
(Remove QRM from my email address to write to me directly)

Site Timeline