Advertisement
Share

Viacom, the New One, Pays $5.4 Billion to CBS

From Bloomberg News

The new Viacom Inc. said its board voted to pay a $5.4-billion special dividend to the new CBS Corp.

The companies, whose stocks are to begin trading publicly Tuesday, will be separate companies after the former Viacom splits in two.

The dividend had been specified under the terms of the split. The new Viacom said it used a $6-billion loan to fund the payment.


Advertisement