Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Redstone Is Said to Push for Viacom’s Bakish in a CBS Deal (3)

April 4, 2018, 10:22 PM

Shari Redstone, whose family controls CBS Corp. and Viacom Inc., wants executives from both companies to run the combined entity after a merger, according to people familiar with the matter, putting her at odds with a proposal from CBS.

Redstone won’t support combining the companies without Viacom boss Bob Bakish in a top management role, said the people, who asked not to be identified discussing private information. CBS’s proposal calls for Chief Executive Officer Les Moonves and his team to run the combined company, the people said.

A special committee of Viacom’s independent board members is working on ...