CBS is actually evaluating a bid to buy Viacom of which’s below its market value, according to sources close to the situation.
The all-stock bid might propose of which CBS CEO Leslie Moonves might stay at the combined company for at least two years, sources told CNBC, confirming information earlier reported by Reuters.
There was no word on the timing of the potential bid. Both CBS as well as Viacom declined to comment.
— CNBC’s Anita Balakrishnan contributed to This specific report.