Viacom’s Stock Rises 10% On Speculation Of Merger With CBS

Stock in Viacom and CBS rose this afternoon following reports that vice chair Shari Redstone is interested in re-uniting the two media companies that split more than a decade ago. Viacom’s stock closed at $ 39.10 today, up nearly 10% over the previous day’s closing price and continuing to rise in after-hours trading, while CBS’s stock closed up 2% at $ 58.83. The Wrap reported that Redstone has concluded that, amid a rapidly changing media landscape, the two media companies…
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