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is a media giant of 28 billion –

Cbs and Viacom are getting married. The two giants have reached a merger agreement, from which ViacomCbs, a media, entertainment and content production company, is born. The transaction is all in securities and the valuation of the two companies will be complete by the end of 2019. Viacom CEO Robert Bakish will be the president and CEO of the new company. The Viacom and CBS board of directors approved the merger unanimously.

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