Broadcast Newsthe HOT ListTV/Cable News CBS looking at deals after divesting outdoor stake By cmarcucci - June 12, 2014 0 FacebookTwitterWhatsAppLinkedinEmail CBS has taken the final step in the spinoff of its CBS Outdoor business following CBS Outdoor Americas’ IPO, with a plan to fully divest its 81% ownership. For CBS, the IPO will help provide about $5 billion for possible acquisitions.Please Login to view this content. (Not a member? Join Today!)