The two chief executives negotiated the mega-deal themselves, and it essentially had just two terms.

Viacom Inc.’s $37.3 billion purchase of CBS Corp. depended on this: Sumner M. Redstone, of Viacom, would be chief executive officer of the resulting company, with majority control over the board of directors and its voting stock. But Mel Karmazin, of CBS, would control the company’s operations and affairs as chief operating officer.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]