Viacom, Inc. (NASDAQ:VIAB) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -9.40% to $34.99. National Amusements Inc., the owner of a majority of CBS Corp. (CBS) and ViacomInc.’s (VIAB) voting stock, declared on Monday that it has asked the Boards of CBS and Viacom to discontinue their exploration of a potential combination.Sumner Redstone and his daughter Shari Redstone’s National Amusement said that after reviewing a tie-up “we have concluded that this is not the right time to merge the companies.”
In late September, National Amusements said it believed a merger could “allow the combined company to respond even more aggressively and effectively to the challenges of the changing entertainment and media landscape.” The share price of VIAB attracts active investors, as stock price of week volatility recorded 3.84%. The stock is going forward to its 52-week low with 19.20% and lagging behind from its 52-week high pr