a CBS-Viacom merger for at least two years after the date of the settlement. On May 30, 2019, CNBC reported that CBS Corporation and Viacom would explore merger discussions in mid-June 2019. The company's board of directors was revamped with people who are open to a merger and the talks were made possible with the resignation of Moonves, who opposed all attempts for a Viacom merger. The talks had started following rumors of CBS acquiring Starz from Lionsgate. Reports said that CBS and Viacom reportedly set August 8 as an informal deadline for reaching an agreement to recombine the two media companies. As part of the re-merger deal, CBS acquired Viacom for up to $15.4 billion. On August 13, 2019, CBS and Viacom agreed to merge into a new entity known as ViacomCBS, with Viacom CEO Bob Bakish as president and CEO of the new company and CBS CEO Ianniello as chairman and CEO of CBS and oversee CBS-branded assets. Shari Redstone will also serve as chairwoman of ViacomCBS. On October 29, 2019, National Amusements approved the re-merger deal, to be completed by early December 2019, with the recombined company trading on Nasdaq under the symbol "VIAC" and "VIACA" after CBS delist its shares on the NYSE. On December 4, the deal was completed, with the merger structured such that CBS Corporation absorbed Viacom and changed its name to ViacomCBS. Corporate governance The board of directors of CBS Corporation included: Candace K. Beinecke Barbara M. Byrne Gary L. Countryman Brian Goldner Linda M. Griego Robert N. Klieger Martha L. Minow Shari Redstone (vice-chair) Sumner Redstone (chairman emeritus) Susan Schuman Frederick O. Terrell Strauss Zelnick (interim chairman) Philanthropy In September 2018, CBS, together with former CEO Moonves, donated $20 million to groups supporting the #MeToo movement. See also Westinghouse Electric Corporation, an old instance of the company, purchased by the old Viacom in 1999. CBS Television Stations, the holding company that assumes operation of CBS Corp.'s television stations. Concentration of media ownership and Media conglomerate MTV Networks/BET Networks, part of the new Paramount Global corporation. Notes References External links Official website (archived, 1 Dec 2018) Predecessors of Paramount Global 2005 establishments in New York City 2019 disestablishments in New York (state) American companies established in 2005 American companies disestablished in 2019 Defunct broadcasting companies of the United States Companies based in Manhattan Companies formerly listed on the New York Stock Exchange