CBS and Viacom seal deal to merge 13 years after they split: Report


CBS Corp and Viacom Inc have reached an agreement in principle, sources familiar with the matter told Reuters on Tuesday, reuniting media mogul Sumner Redstone's U.S. entertainment empire after 13 years apart.

  Viacom shareholders will receive 0.59625 CBS shares for each share they own, representing a slight discount to Viacom's closing price on Friday.   The two companies are controlled by National Amusements Inc, the holding company owned by billionaire Sumner Redstone and his daughter, Shari.   The.....

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