CBS and Viacom to unite again!

CBS and Viacom, two of the world’s leading entertainment companies, have entered into a definitive agreement to combine in an all-stock merger, creating a combined company with more than $28 billion in revenue.The combined company, ViacomCBS Inc., will be a leading global, multiplatform, premium content company, with the assets, capabilities and scale to be one of the most important content producers and providers in the world. The combined company will be a scale player globally, with leadership positions in markets across the U.S., Europe, Latin America and Asia.

Source: businesswire.com