Sept 30 Viacom Inc said it had formed a special committee to consider National Amusements Inc's proposal to combine the company and CBS Corp.
National Amusements, owned by media baron Sumner Redstone and his daughter Shari Redstone, on Thursday urged the boards of Viacom and CBS to explore a combination.
National Amusements owns 80 percent of the voting shares of both media companies. (Reporting by Narottam Medhora in Bengaluru; Editing by Shounak Dasgupta)
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.