Shari Redstone withdraws support for CBS-Viacom merger: CNBC

Reuters News
Posted: Dec 12, 2016 9:18 AM

(Reuters) - Shari Redstone, vice chair of Viacom Inc <VIAB.O> and the daughter of controlling shareholder Sumner Redstone, has withdrawn her support for a merger between CBS Corp <CBS.N> and Viacom, CNBC reported on Monday.

Shari Redstone wants the company to remain independent and will back Viacom's chief executive, CNBC said.

(Reporting by Narottam Medhora in Bengaluru; Editing by Sriraj Kalluvila)