Viacom to acquire Pluto TV, a free, ad-supported streaming service, for $340M in cash; Pluto TV to operate as an independent subsidiary when the deal closes (Sara Fischer/Axios)

Sara Fischer / Axios:
Viacom to acquire Pluto TV, a free, ad-supported streaming service, for $340M in cash; Pluto TV to operate as an independent subsidiary when the deal closes  —  Viacom announced Tuesday that it has agreed to buy Pluto TV — one of the fastest-growing free, ad-supported TV streaming services in the U.S. — for $340 million in cash.

from Techmeme http://bit.ly/2HtKn2M

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