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CBS & Viacom Have Reportedly Agreed to Merge

CBS and Viacom have for over a year now been in on and off talks to once again merge. Now it has been reported by CNBC that CBS and Viacom have agreed to a leadership deal to make Viacom’s CEO the new leader of a combined company. This deal will need to go through a lengthy approval process before the merger can be finalized.

The two companies use to be one but broke up into two companies in 2006, at the request of both boards. Both companies still have the same majority owner but have grown apart over the years. Last year talks broke down reportedly over who would lead the new company. Since that happened, CBS Chief has left, and six board members have been replaced. Now a deal seems to be agreed to.

This is breaking news more coming soon.

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