UPDATE: Viacom (VIAB), CBS (CBS) to Form Special Committees to Review Possible Merger - DJ

September 30, 2016 1:35 PM EDT

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(Updated - September 30, 2016 1:45 PM EDT)

Viacom (NASDAQ: VIAB) is forming a special committee to explore a potential merger with CBS Corp. (NYSE: CBS), according to Dow Jones sources. CBS's board is forming a special committee, the report said. Yesterday majority owner National Amusements asked the boards to consider a potential combination.

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