NASDAQ:VIAC
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Viacomcbs . Class B Stock News

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$29.58
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At Close: Aug 17, 2022
In a Wednesday note, Bank of America Securities said that ViacomCBS's move to streaming was the "right strategy" for the media company, "but hard to execute."
Shares of ViacomCBS tumbled over 15 percent Wednesday after the media giant announced pricing of its $3 billion stock sale. The company, which launched the Paramount Plus streaming service earlier th
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ViacomCBS Inc. priced the offering of $3 billion of equity securities announced on Tuesday to help fund investments in its streaming service Paramount+, which launched in March. The company priced $20
The stock price of ViacomCBS (NASDAQ: VIAC) fell by over 5% pre-market. This is why it happened.
NEW YORK--(BUSINESS WIRE)--ViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced the pricing of concurrent offerings (the “Offerings”) of 20,000,000 shares of its Class B common stock, par value $0
ViacomCBS will sell $2 billion in class B common shares and $1 billion in mandatory convertible preferred shares.

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Are investors overreacting to news of a stock offering?
The media giant's management wants to use the $3 billion in proceeds to fund its streaming strategy, including Paramount+.

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NEW YORK--(BUSINESS WIRE)--ViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced that it has commenced concurrent offerings (the “Offerings”) of $2.0 billion of its Class B common stock, par value
Share of ViacomCBS Inc. surged 1.8% toward in midday trading Monday, putting them on track to post the 12th record close in March, after Benchmark analyst Daniel Kurnos raised his price target on the

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"Nobody just wanted to be put television on the internet," National Football League executive Brian Rolapp told CNBC.
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