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National Amusements Prepares Call For Viacom-CBS Merger: Report

Viacom shares just spiked 2.0% after Reuters reported that Sumner Redstone’s National Amusements is about to call for Viacom and CBS to explore a merger. The exhibition company, which owns 80% of the voting shares at the two media powers, will ask their boards to form independent committees to consider the advantages of a deal. That call could come this week, the news service says citing “two people familiar with the matter.
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