Hackman Capital Partners, LLC and Square Mile Capital Management LLC entered into a definitive agreement to acquire CBS Studios Inc. from ViacomCBS Inc. for $1.9 billion.

Hackman Capital Partners, LLC and Square Mile Capital Management LLC entered into a definitive agreement to acquire CBS Studios Inc. from ViacomCBS Inc. (NasdaqGS:VIAC) for $1.9 billion on November 30, 2021. Hackman Capital Partners and Square Mile Capital Management will acquire CBS Studios for approximately $1.85 billion. The transaction is subject to customary closing conditions, including regulatory approval.

The transaction is expected to close in 2021. Carl Muhlstein and Kevin MacKenzie of JLL are acting as exclusive agents for ViacomCBS in the transaction. Morgan Stanley acted as financial advisor to Hackman Capital Partners, LLC.