Sumner Redstone’s National Amusements Inc., the controlling shareholder of CBS Corp. and Viacom Inc., is preparing to call on the two media companies to explore a merger, two people familiar with the matter said today.
CBS CEO Leslie Moonves would need around $2.2 billion to buy out National Amusement Inc.’s stake in the media giant. Moonves, the New York Post reported yesterday, is talking with banks and private equity firms about buying NAI’s stake.
