CBS, Viacom Tap Stable of Prestigious Law Firms for Merger (1)

A group of the most prestigious firms in Big Law lined up to advise CBS Corp and Viacom Inc. in their long-awaited all-stock merger that would create a combined company with more than $28 billion in revenue.

Cleary, Gottlieb, Steen & Hamilton; Cravath, Swaine & Moore; Paul, Weiss, Rifkind, Wharton & Garrison; Latham & Watkins, and Shearman & Sterling have all stepped up to help the media giants and their stakeholders execute a deal that would create a new entity, ViacomCBS Inc.

Shari Redstone, who serves as vice chair of the board of directors at CBS and Viacom, will be ...