Viacom Expects to Close on Pluto TV Streaming Service in Q1
Viacom will pay $340 million for streaming service Pluto TV, it said Tuesday evening. It said Pluto will operate as an independent subsidiary and the deal is expected to close in Q1. It said the Pluto deal will expand its…
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presence in next-generation distribution platforms, give it access to Pluto's 12 million monthly users and help expand its advanced advertising business, while access to Viacom's content library will help accelerate its global growth and solidify it as top player in the free streaming video market.