CBS and Viacom Are Merging to Form ViacomCBS

CBS and Viacom have announced that they've entered into a definitive agreement to combine in an all-stock merger, creating a company with over $28 billion in revenue. The combined company will be called ViacomCBS.
The two companies believe that together they will be able to deliver an array of compelling content to important and diverse audiences across both traditional and emerging platforms around the world.
Bob Bakish, President and Chief Executive Officer, Viacom, will become President and Chief Executive Officer of the combined company. Bakish said: “Today marks an important day for CBS and Viacom, as we unite our complementary assets and capabilities and become one of only a few companies with the breadth and depth of content and reach to shape the future of our industry. Our unique ability to produce premium and popular content for global audiences at scale – for our own platforms and for our partners around the world – will enable us to maximize our business for today, while positioning us to lead for years to come. As we look to the future, I couldn’t be more excited about the opportunities ahead for the combined company and all of our stakeholders – including consumers, the creative community, commercial partners, employees and, of course, our shareholders.”

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