TheStreet: CBS Deal Won't Help Viacom Shareholders says Jim Cramer - TheStreet

Jim Cramer: CBS Deal Won't Help Viacom Shareholders

CBS will likely get the better of Viacom if the two are combined, says Jim Cramer.
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CBS (CBS) - Get Report will likely get the better of Viacom (VIA.B) if there is a merger, says TheStreet's Jim Cramer. Viacom today announced that its board of directors has received a letter from National Amusements requesting that it explore a potential combination of Viacom and CBS. Viacom noted that National Amusements communicated that it is not willing to support any acquisition of Viacom by a third party or any transaction that would result in National Amusements surrendering its controlling position in Viacom. National Amusements, directly and through subsidiaries, owns approximately 80% of the voting shares of both Viacom and CBS and approximately 10% of Viacom's total common stock outstanding.