CBS Preparing Offer For Viacom In Coming Weeks
CBS is "preparing to make an offer" for sister media company Viacom in the coming weeks. It would be a "third attempt to reunite the $30 billion media empire that was divided" by CBS Exec Chair Sumner Redstone more than 13 years ago. A deal is "far from certain." Determining the price for a stock transaction -- which requires setting a value for the companies relative to each other -- is one "major hurdle." Picking a new leadership team is "another challenge" (WALL STREET JOURNAL, 6/19).