|Bid||38.75 x 100|
|Day's Range||40.30 - 42.05|
|52 Week Range||36.25 - 50.40|
|PE Ratio (TTM)||13.34|
|Dividend & Yield||0.80 (1.91%)|
|1y Target Est||N/A|
Viacom CEO Bob Bakish is contemplating what would be his boldest bet yet: an acquisition of Scripps Networks, operator of HGTV and Food Network. People familiar with the situation say Viacom is in talks ...
The move by Viacom, which had $12.17 billion in debt as of March 31, could potentially mean that the $14.3 billion media company would lose its investment-grade status to buy the $10.6 billion Scripps. Last year Moody's downgraded Viacom's debt to the lowest level of investment grade - a status they would likely lose as a result of the deal. Viacom is bidding for Scripps, which owns channels such as HGTV, Food Network and Travel Channel, against Discovery Communications, which is not expected to make an all-cash bid, according to the sources, all of whom wished to remain anonymous because they are not permitted to speak to the media.
Rearden LLC is suing two more Hollywood studios over the alleged use of stolen IP to make some of their films. The Silicon Valley company founded by entrepreneur and inventor Steve Perlman has sued Twentieth Century Fox and Paramount Pictures, as well as the producer and distributor of the “Rise of the Tomb Raider” video game, for using a facial-capture technology called MOVA Contour.