Post by Ian J. Ball Post by Obveeus
CBS has offered $11.9billion to Viacom shareholders in exchange for a
'merger'. Viacom has countered with a request price of $14.7billion.
CBS should tell them to take a hike.
I get Viacom wanting more money since there is usually a hike over the
market value in any offer but CBS chose not to do so since they said
Viacom's stock price had risen to fair value over the past few months
(due to rumors of the company being acquired.) That said seems to me
if CBS is serious about acquiring Viacom they should pony up more
money. Otherwise Viacom is likely to tell CBS to take a hike.. Which
might be the best thing for CBS.