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Viacom/ CBS $28 billion merger

13/8/2019
Merger
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$ 28 billion

Announced

13/8/2019

Overview:

  • Media and entertainment companies Viacom and CBS have agreed to combine their businesses in a $28 billion merger.
  • The combined entity will operate as ViacomCBS. 
  • National Amusements holds 78.9% of the Class A voting shares of CBS and 79.8% of the Class A voting shares of Viacom.
  • LionTree Advisors and Morgan Stanley acted as financial advisers to the Special Committee of Viacom’s Board of Directors.
  • Centerview Partners and Lazard Frères acted as financial advisers to the Special Committee of CBS' Board of Directors. 
  • Evercore acted as financial adviser to National Amusements. 

Rani Mehta - Latin America Editor 

Jurisdiction:

United States

Deal type:

Merger

Practice area:

M&A

Industry sectors:

Media
Entertainment

Firms:
A&O Shearman - United States

Party: Viacom (Merger party)

Cleary Gottlieb Steen & Hamilton

Party: National Amusements (Shareholder)

Cravath Swaine & Moore

Party: Special Committee of Viacom’s Board of Director (Management)

Lawyer: Faiza Saeed

Kirkland & Ellis

Party: Centerview Partners (Financial adviser)

Party: Lazard (Financial adviser)

Lawyer: Eric Schiele

Latham & Watkins

Party: LionTree Advisors LLC (Financial adviser)

Party: Morgan Stanley (Financial adviser)

Lawyer: David Kurzweil

Paul Weiss Rifkind Wharton & Garrison

Party: Special Committee of CBS’s Board of Directors (Management)

Lawyer: Robert Schumer

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