CBS Stock Jumps At Opening Bell, Viacom Sinks As Merger Deal Nears Close

The boards of both companies worked through the weekend to hammer out terms of their long-expected reunion, with the amount of stock being exchanged between the companies remaining the main sticking point. The companies earlier had reached significant clarity about the management structure, agreeing that current Viacom CEO Bob Bakish would run the combined company, with acting CBS chief Joe Ianniello in a top role. – Dade Hayes, Deadline Hollywood » http://dlvr.it/RB5jLV
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