December 12, 2016 / 2:21 PM / 7 months ago

Shari Redstone withdraws support for CBS-Viacom merger: CNBC

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A woman exits the Viacom Inc. headquarters in New York April 30, 2013.Lucas Jackson/File Photo

(Reuters) - Shari Redstone, vice chair of Viacom Inc and the daughter of controlling shareholder Sumner Redstone, has withdrawn her support for a merger between CBS Corp and Viacom, CNBC reported on Monday.

Shari Redstone wants the company to remain independent and will back Viacom's chief executive, CNBC said.

Reporting by Narottam Medhora in Bengaluru; Editing by Sriraj Kalluvila

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