Fucking Big Media Deregulation
(Reuters) - CBS Corp <CBS.N> and Viacom Inc <VIAB.O> agreed to merge on Tuesday, creating a company with more than $28 billion in revenue, as an increasingly competitive media landscape prompted their controlling shareholder to reunify the U.S. entertainment companies 13 years after breaking them up.
Each Viacom Class A voting share and Viacom Class B non-voting share will convert into 0.59625 of a Class A voting share and Class B non-voting share of CBS, respectively, the companies said.
https://finance.yahoo.com/news/cbs-viac ... 52324.html