Shares of CBS Corporation CBS surged over 2 percent Thursday amid speculation at The Information, a technology news site.
Contributor Martin Peers suggested that John Malone, Chairman of Liberty Media Corp LMCA, could acquire CBS to create a media conglomerate that would compete with Twenty-First Century Fox Inc FOX and Walt Disney Co DIS.
Peers felt that consolidation in the industry was "increasingly inevitable" and a deal would make sense for Malone as he could combine CBS with entities in which he holds a stake, such as Starz STRZA and Discovery Communications Inc. DISCA.
CBS Corporation recently traded at $61.00, up 2.31 percent.
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