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Les Moonves looking to buy CBS

C

crackedscreen

Fearing a merger with Viacom, Les wants to buy out National Amusments' controlling share.

CBS boss Les Moonves, fearful a merger with Viacom will be forced upon his company after majority owner Sumner Redstone dies, is discussing ways to buy out the broadcaster’s controlling shareholder, National Amusements Inc., sources told The Post.

Moonves, the 65-year-old CEO of the Tiffany network, believes a merger with Viacom will leave him in an inferior position vis-à-vis Philippe Dauman, the Viacom CEO, and could shortchange CBS minority shareholders, sources said.

As a result, Moonves has been having discussions with Wall Street heavy hitters about backing such a buyout, sources said.
Click to expand...

http://nypost.com/2015/02/04/moonves-looks-to-buy-cbs-ahead-of-potential-viacom-merger/
 
He'd need to find outside capital. These companies were merged and then un-merged to 'unlock value'. When Redstone dies, there will be a substantial inheritence tax, so the CBS stake may be sold to pay that, so Moonves may be worried about nothing.....
 
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