CBS to Merge With Viacom in Long-Awaited $11.7 Billion Deal
Pedestrians pass in front of Viacom Inc. headquarters in New York, U.S. (Photographer: Victor J. Blue/Bloomberg)

CBS to Merge With Viacom in Long-Awaited $11.7 Billion Deal

(Bloomberg) -- CBS Corp. agreed to merge with Viacom Inc. in an $11.7 billion transaction, capping years of on-again-off-again attempts to reunite two media giants that split in 2006.
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