2019 merger of CBS and Viacom

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CBS Corporation and Viacom announced their intention to merge on August 13, 2019 for $15.4 billion. The merger of equals would reunite the CBS Corporation and Viacom into a single company for the first time since the 2005 split from the first Viacom, and would be valued at $28 billion. After an unsuccessful negotiation by majority owner National Amusements in 2016, negotiations of a merger were renewed in January 2018, but in September, Les Moonves resigned as CEO of CBS Corporation due to accusations of sexual assault. National Amusements chose not to propose the merger for a certain period after the settlement. Nonetheless, CBS Corporation planned to acquire Viacom in August, days before the merger was formally announced. The merger was approved by National Amusements in October and later closed on December 4, 2019. The merged entity formed ViacomCBS, which was later renamed to Paramount Global in February 2022. Like its predecessors, it was majority owned by National Amusements until...

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