4 Firms Shape $30.5B Megamerger Of CBS And Viacom

Law360 (August 13, 2019, 2:33 PM EDT) -- CBS and Viacom on Tuesday revealed plans for a $30.5 billion merger that will create a single media and entertainment giant with more than $28 billion in combined revenue, in a deal steered by Paul Weiss, Cravath, Shearman & Sterling and Cleary Gottlieb.

CBS and Viacom are planning a tie-up that would result in a single company that owns brands such as Showtime, Nickelodeon, Comedy Central and Paramount Pictures. (AP)

The merger, rumored earlier in the week, stands to result in a single company that owns many major brands, including Showtime, Nickelodeon, Comedy Central and Paramount Pictures. The combined company will also feature a massive library of...

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