National Amusements, the holding company controlled by the Redstone family, has voted to approve the merger of Viacom and CBS. National Amusements controls a majority of CBS and Viacom shares, paving the way for the deal to close.
Viacom and CBS also said in a statement late Monday that the merger "is now expected to close by early December." Until this point, company executives had said they hoped the deal would close by the end of the year.
The final results of the consent solicitations for the merger will be posted in the coming days.