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News Breaks
May 1, 2014
06:38 EDTVIA, VIABViacom agrees to acquire Channel 5 Broadcasting for $757M
Viacom and Northern & Shell Media Group announced a definitive agreement for the acquisition of Channel 5 Broadcasting Limited by Viacom International Media Networks for approximately $757M. Under the terms of the agreement, Viacom will acquire all brands and assets of Channel 5 Limited, including Channel 5, 5*, 5USA, Milkshake!, and Demand 5. The purchase price of the acquisition will be financed by Viacomís existing cash balances and the transaction is expected to be accretive immediately after closing. The transaction is subject to customary regulatory approvals.
News For VIA;VIAB From The Last 14 Days
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October 29, 2014
09:04 EDTVIABViacom negative sentiment has created buying opportunity, says Sterne Agee
Sterne Agee says that Viacom's multiple has reached all-time lows, due to negative sentiment based on ratings declines. The firm thinks the multiple is unlikely to decline further, and it says the stock outperformed significantly following similar situations in 2009 and 2012. The firm keeps an $80 price target and Buy rating on the shares.
October 23, 2014
07:53 EDTVIA, VIABAlibaba CEO ups Hollywood content pursuit with studio meetings, Bloomberg says
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