On August 13, 2019, it was officially announced that CBS and Viacom would merge into a new entity known as ViacomCBS. Viacom CEO Bob Bakish will serve as president and CEO of the new company, while Ianniello will become chairman and CEO of CBS and oversee CBS-branded assets. Shari Redstone will also serve as chairwoman of ViacomCBS. On October 29, 2019, National Amusements approved the re-merger deal and also announced that the proposed deal will close by early December 2019, with the recombined company trading on Nasdaq under the symbol "VIAC" and "VIACA" after CBS delist its shares on the NYSE. On December 4, the deal was completed, with the merger structured such that CBS Corporation absorbed Viacom and changed its name to ViacomCBS.