NEW YORK and FT. LAUDERDALE, Fla., Aug 2, 2004 /PRNewswire-FirstCall via COMTEX/ -- Viacom Inc. ( VIA )( VIAB ) and SportsLine.com, Inc. ( SPLN ) announced today that they have signed a definitive agreement for SportsLine.com to merge with a subsidiary of Viacom. Public stockholders of SportsLine.com will be entitled to receive $1.75 per share in cash on closing of the transaction. Completion of the merger is subject to customary closing conditions, including approval by SportsLine.com's shareholders. The merger is expected to be completed by the end of the year. Viacom currently holds approximately 38% of the total outstanding shares of SportsLine.com's common stock.