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MarketScreener Homepage  >  Equities  >  Nyse  >  CBS Corporation    CBS

CBS CORPORATION

(CBS)
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CBS : Viacom agree to merge in all-stock deal

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08/13/2019 | 02:26pm EDT
FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles

(Reuters) - CBS Corp and Viacom Inc agreed to merge on Tuesday, creating a company with more than $28 billion (£23.2 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.

(Reuters) - CBS Corp and Viacom Inc agreed to merge on Tuesday, creating a company with more than $28 billion (£23.2 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.

The two companies are controlled by National Amusements Inc, the holding company owned by billionaire Sumner Redstone and his family.

(Reporting by Supantha Mukherjee in Bengaluru and Helen Coster in New York; Editing by Saumyadeb Chakrabarty)

Stocks treated in this article : CBS Corporation, Viacom
Stocks mentioned in the article
ChangeLast1st jan.
CBS CORPORATION 1.04% 43.8 Delayed Quote.-0.85%
VIACOM 0.27% 26.02 Delayed Quote.1.25%
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Financials (USD)
Sales 2019 15 644 M
EBIT 2019 3 143 M
Net income 2019 2 843 M
Debt 2019 8 471 M
Yield 2019 1,74%
P/E ratio 2019 5,77x
P/E ratio 2020 6,85x
EV / Sales2019 1,59x
EV / Sales2020 1,48x
Capitalization 16 450 M
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Technical analysis trends CBS CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 59,83  $
Last Close Price 43,80  $
Spread / Highest target 75,8%
Spread / Average Target 36,6%
Spread / Lowest Target 5,02%
EPS Revisions
Managers
NameTitle
Joseph R. Ianniello President & Chief Executive Officer
Strauss H. Zelnick Chairman
Christina Spade Chief Financial Officer & Executive Vice President
David F. Poltrack Chief Research Officer & President-CBS Vision
Douglas Rousso Chief Technology Officer
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