CBS, Viacom in Final Stages of Deal Talks - USA DAILY NEWS

CBS, Viacom in Final Stages of Deal Talks

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CBS Corp. and Viacom Inc. are in the final stages of negotiating a deal that would reunite mogul Sumner Redstone’s media empire in the hopes of creating a more formidable competitor to the entertainment industry’s giants.

The two sides are still working out details, including the stock exchange ratio for the transaction but have narrowed it down to a range of between 0.59 and 0.60 CBS share for each Viacom share, according to people familiar with the matter. That ratio would value Viacom slightly below its market value as…

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