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Viacom Inc., parent of CBS and MTV, said Thursday it expects to make an offer to buy the remainder of financial information and news provider MarketWatch Inc. that it does not already own. MarketWatch shares rose 10 percent on the news.

Viacom, which holds a 22.3 percent stake in MarketWatch, said in a filing with the Securities and Exchange Commission that its planned proposal comes "at the invitation" of MarketWatch.

That said, Viacom cautioned that "there can be no assurances" that MarketWatch will accept any offer it makes or that the two companies will enter into any definitive agreement.
Bloomberg News

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