CBS Corp. stock surged Friday on strong earnings and speculation that controlling shareholder Shari Redstone had offered a compromise to try to nudge along the stalled merger talks with Viacom Inc. CBS rose 9% to $53.17 a share on Friday after the company reported record revenue in the first quarter....

Topics:  corp   shari redstone   viacom inc cbs   stock   merger talks   friday   
BING NEWS:
  • Chaos at Paramount: An Uncertain Future Looms After Shari Redstone Pulls the Plug on Skydance | Analysis
    Sumner Redstone, the former chairman of both Viacom and CBS who built Paramount Global from a legacy studio into an entertainment major rivaling Disney and Universal Studios. The decision by ...
    06/12/2024 - 7:38 am | View Link
  • Why Shari Redstone called off talks with David Ellison’s Skydance on Paramount deal
    Shari Redstone has finally spoken. After weeks of endless speculation about the future of Paramount Global, and more than half a year of grueling negotiations, the heiress called off talks ...
    06/12/2024 - 1:22 am | View Link
  • Paramount Owner Shari Redstone Ends Merger Talks with David Ellison’s Skydance
    The report noted that Redstone will now likely pursue a sale of just National Amusements and drop merger talks. National Amusement “is grateful to Skydance for their months of work in pursuing ...
    06/12/2024 - 12:07 am | View Link
  • Redstone Ends Paramount-Skydance Merger Talks, Causing Paramount Stock to Plummet
    Paramount Global (PARA) shares tumbled nearly 8% on Tuesday after Shari Redstone, who controls the company through her family's holding company National Amusements (NAI), abruptly ended merger talks ...
    06/11/2024 - 2:54 pm | View Link
  • Shari Redstone kills Skydance bid to buy her controlling stake in Paramount Global
    Shari Redstone ... CBS, MTV and Nickelodeon, in a stock deal. That step was subject to review by a committee of Paramount directors, who had recently approved the economic terms of the merger ...
    06/11/2024 - 11:03 am | View Link
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