Tag Archives: merger

Viacom and CBS merge on ViacomCBS

ViacomCBS announced the completion of the merger between CBS Corporation and Viacom Inc. The combined company, which is renamed ViacomCBS, creates a premium content powerhouse with global scale, including leadership positions in markets across the U.S., Europe, Latin America and Asia. ‘This is a historic moment that brings together two iconic companies to form one [...]

Viacom and CBS to combine on December 4th

Viacom and CBS announced today that they will complete their merger on December 4th, under which they will operate as a single company, which will be called ViacomCBS. This way, both companies are following the announcement made at the end of October, when they indicated that the merger would take place on early December. The [...]

IFT grants Disney a six month extension period to sell Fox Sports unit in Mexico

The Telecommunications Federal Institute (IFT), which regulates the telecommunications market in Mexico, gave a six month extension for The Walt Disney Company and Twenty-First Century Fox to sell Foxs sports business in the country.  The first six-month period granted for divestiture was from May 1st to November 1st, 2019. With the extension, the new period [...]

Viacom-CBS merger now expected to close in early December

After a long negotiation process and having announced a merger agreement last August, CBS and Viacom now plan to merge as soon as early December. The two companies, which will be known as BiacomCBS Inc. once the deal is complete, said the pact had secured the approval of National Amusements Inc., that holds the majority [...]

Sutel approves Millicom-Telefonica merger in Costa Rica

The Costa Rican Telecommunications Superintendence (Sutel), responsible for regulating the telecommunications market in Costa Rica, approved the merger request presented by Millicom Cable Costa Rica S.A. and Telefonica de Costa Rica S.A. in an official statement.  The operation was approved by Sutel because, according to the regulator, there is no evidence of potential anti-competitive effects [...]

Anatel puts off decision on AT&T-Time Warner merger

The analysis on Time Warner and AT&T merger by the Brazilian regulator Anatel was postponed last August 22nd, as requested by advisor Moises Moreira. The decision was made to make a deeper review and resume the merger process between the companies on September 5th. At that meeting, an additional 120-day extension may be requested for [...]

CBS and Viacom to combine and create ViacomCBS Inc

Viacom and CBS today announced they have entered into a definitive agreement to combine in an all-stock merger, creating a combined company with more than USD 28 billion in revenue. The new company will be led by Bob Bakish as President and CEO. The transaction is subject to regulatory approvals and other customary closing conditions. [...]

Disney hires Pyne Media to sell Fox Sports in Brazil

Disney hired an independent company to negotiate with potential interested parties, with the aim of selling Fox Sports in Brazil and concluding its merger with Fox. The company also decided to cut funds from Fox Sports until its sale to another media group is done. Pyne Media, ESPNs Global Distribution former President Benjamin Pynes independent [...]