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)

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Sara Fischer / Axios:

Viacom to amass Pluto TV, a free, ad-supported streaming service, for $340M in money; Pluto TV to function as an impartial subsidiary when the deal closes  —  Viacom introduced Tuesday that it has agreed to purchase Pluto TV — one of many fastest-growing free, ad-supported TV streaming companies within the U.S. — for $340 million in money.

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