December 12, 2016 / 2:21 PM / a year ago

Shari Redstone withdraws support for CBS-Viacom merger: CNBC

(Reuters) - Shari Redstone, vice chair of Viacom Inc and the daughter of controlling shareholder Sumner Redstone, has withdrawn her support for a merger between CBS Corp and Viacom, CNBC reported on Monday.

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

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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