Is Verizon Communications (VZ) Eyeing CBS Corp Takeover?
by Zacks Equity Research Published on December 13, 2016 | TWX CBS YHOO T VZ CMCSA VIAB Trades from $3
According to recent reports by CNBC and the New York Post, the U.S. telecom behemoth Verizon Communications Inc. (VZ - Free Report) is considering the acquisition of CBS Corp. (CBS - Free Report) , the largest TV broadcaster in the U.S. However, neither of the companies has confirmed the news. The industry circle was rife with speculations about a possible merger between CBS and Viacom Inc. (VIAB - Free Report) . On Dec 12, Viacom announced that it is no longer considering any strategic merger with CBS.