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National Amusements pulls CBS, Viacom merger proposal - source
December 12, 2016 / 2:24 PM / 10 months ago

National Amusements pulls CBS, Viacom merger proposal - source

NEW YORK (Reuters) - Sumner Redstone’s privately-held National Amusements on Monday withdrew its merger proposal for CBS and Viacom, according to a source familiar with the situation who wished to remain anonymous.

Sumner Redstone, executive chairman of Viacom Inc and CBS Corp, poses for a photo after answering questions at the Milken Institute Global Conference in Beverly Hills, California, U.S. May 2, 2012. REUTERS/Danny Moloshok/Files

A reason for the withdrawal was not immediately clear.

CBS and Viacom did not immediately have a comment on the news, which was first reported by CNBC.

Reporting by Greg Roumeliotis; Editing by Nick Zieminski

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