Paramount Global’s Tumultuous Timeline: Tracking 35 Years of Corporate Intrigue and Drama
variety.comParamount Global and its predecessor companies have gone through several tumultuous decades. Here’s a timeline of key events that led up to the company’s most recent M&A drama, in this week’s cover story: What Went Wrong: Inside Paramount’s Failed Merger Talks and the Battle to Salvage the Company. MARCH 4, 1987: Sumner Redstone’s National Amusements Inc.
acquires Viacom for $3.4 billion MARCH 11, 1994: Viacom acquires control of Paramount Communications for about $10 billion SEPT.
7, 1999: Viacom announces deal to acquire CBS Corp. for $35 billion MARCH 16, 2005: Sumner Redstone shocks Hollywood and Wall Street with plan to split Viacom and CBS Corp.
into separate entities DEC. 31, 2005: Viacom and CBS Corp. split is completed. Tom Freston named CEO of Viacom; Leslie Moonves to lead CBS SEPT.
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