Viacom Completes Acquisition Of Sportsline.com

  • December 10, 2004
Viacom has completed its purchase of SportsLine.com, which will now become a division of CBS Sports.

The deal, which was first announced in August, was approved by shareholders of SportsLine.com, and public shareholders will be entitled to receive $1.75 per share in cash, a Viacom representative said. The company will operate as a division of CBS Sports, reporting to Sean McManus, the president of CBS Sports. - David Klein

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