Deals
CBS and Viacom Work Through Night to Hammer Out Deal
- Deal was expected Monday, but now looks to slip to Tuesday
- Two sides have been negotiating over the exchange ratio
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CBS Corp. and Viacom Inc. are keeping investors waiting.
The media giants were expected to announce a merger as soon as Monday, the culmination of years of on-again, off-again discussions. But the negotiations have dragged on, setting the stage for another day of anticipation.