Viacom Inc. is considering a combination with CBS Corp. Photo: Bloomberg NewsThe Viacom Inc. VIAB -0.96 % and CBS Corp. CBS -1.76 % deal machines are revving up. The special committee of the board of Viacom has hired Morgan Stanley MS -0.25 % to explore a potential combination with CBS, people familiar with the matter say. The hiring of financial advisors comes just a week after CBS and Viacom set up special committees to review a potential deal. The Viacom committee consists largely of new independent board members brought on in the wake of a fierce power struggle between the management of Viacom and the Redstone family. Viacom’s special committee includes Chairman Thomas May and Nicole Seligman, who are co-chairing the committee, as well as Kenneth Lerer, Judith McHale and Ronald Nelson.

Source: Wall Street Journal October 07, 2016 21:22 UTC