VIACOM+CBS IS ALMOST HERE

Viacom Inc. and CBS Corporation are expected to close their historic merger next week, on December 4th, and begin trading as ViacomCBS on December 5th. The Elevation Capital Global Shares Fund owns shares in both Viacom and CBS. This merger is the latest round of large consolidations in media as legacy players continue seeking scale to weather industry disruption. The new company, ViacomCBS, will operate everything from CBS Communication’s lucrative television networks to the iconic Paramount movie studios. We believe that in a world where “content is king” the merger will generate value for shareholders by creating the largest content spender after Netflix and Disney (the latter of which the Fund also owns shares in).

Read more about this merger and the scale/brand of the two companies on our blog here.