Fox Business Network

Fox Business Network 13 Aug 2019

CBS, Viacom reach agreement on merger: Report

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CBS Corp. and Viacom agreed to combine in an all-stock merger.


CBS is reportedly preparing an offer to buy Viacom. It is the third time in four years they've explored the idea of a merger. The two companies split 13 years ago. RT America's Sara Montes de Oca reports for News.Views.Hughes.
President Trump's lawyer says an agreement has been reached with the House Intelligence and Financial Services committees on the subpoenas over the president's financial records.
ViacomCBS Inc will offer more than 14,000 TV episodes and more than 3,600 movies with a combined revenue of more than $28 billion.
The US and China held abbreviated trade talks in Washington that failed to result in an anticipated agreement to end the trade war. Instead, Chinese negotiators take back a hardened stance from President Trump, who has ordered additional tariffs on all Chinese imports.

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