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WSJ: CBS hires Moelis, Goldman to advise on possible Viacom merger

Published 11/07/2016, 02:09 PM
WSJ: CBS hires Moelis, Goldman to advise on possible Viacom merger
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  • Time to bring in the help: CBS (CBS +0.9%) has hired Moelis and Goldman Sachs (GS +2.8%) to advise it on a potential re-merger with Viacom (VIA +2%, VIAB +1.9%), The Wall Street Journal reports.
  • The companies, which originally merged in 2000 and split again at the beginning of 2006, had created special committees to look at the idea of getting back together as National Amusements -- the holding company for Sumner Redstone that owns voting control of both -- urged the two to examine a deal.
  • Wachtell, Lipton, Rosen & Katz, which has been longtime outside counsel for CBS, is also advising on a potential deal.
  • Previously: Report: Viacom-CBS could have merger deal by Thanksgiving (Oct. 20 2016)
  • Previously: Bloomberg: CBS nears hiring of Goldman, JPMorgan (NYSE:JPM) on possible Viacom deal (Oct. 14 2016)

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