Shares of ViacomCBS Inc. (NASDAQ: VIAC) fell virtually 4% within the common buying and selling session on Monday and additional declined greater than 3% within the prolonged session.
What Occurred: ViacomCBS mentioned Monday that ViacomCBS Networks Worldwide (VCNI) has agreed to accumulate Latin American broadcaster Chilevisión from WarnerMedia, a division of AT&T Inc. (NYSE: T). The monetary phrases of the transaction weren’t disclosed.
The acquisition of Chilevision will allow VCNI to additional broaden its presence within the Southern Cone of Latin America. The deal can even bolster VCNI’s streaming enterprise with a brand new premium content material library amid growing demand for Spanish language content material throughout platforms together with Paramount+ and Pluto TV.
In the meantime, Bloomberg reported that Credit score Suisse Group AG (NYSE: CS) offered about $2.3 billion price of shares associated to the Archegos Capital fiasco on Monday, greater than every week after different banks