CBS and sister company Viacom have agreed to merge in an all-stock deal that would create a combined company with around $28 billion in revenue.
| |  | CBS and sister company Viacom have agreed to merge in an all-stock deal that would create a combined company with around $28 billion in revenue.
Viacom insiders described their hopes and fears to Business Insider and predicted more M&A to come. While some were concerned about potential layoffs and upward mobility, others felt Viacom was emerging as a leader over CBS, which made them more confident in their job prospects.
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