National Amusements Pulls CBS, Viacom Merger Proposal
Sumner Redstone’s privately-held National Amusements on Monday withdrew its merger proposal for CBS (CBS. N) and Viacom (VIAB.O), according to three sources familiar with the situation who wished to remain anonymous. Shares of Viacom tumbled 6.8 percent in early New York Stock Exchange trading to $36. CBS shares were down 3.6 percent at $60.33. A … Read more