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Pivotal Research Group’s Brian Wieser said CBS would gain exposure in fast-growing countries.

CBS should buy Sony Pictures Entertainment, a Wall Street analyst said in a research note Tuesday.

Brian Wieser of Pivotal Research Group told clients that CBS will have cash for major acquisitions now that it has decided to turn CBS Outdoor in the Americas into an REIT while selling off the European portion of that business, as hollywoodreporter.com

“First and foremost, among potential targets we think that at the right price, SPE offers a very strong fit for CBS,” he wrote.

“If we assume SPE were worth around $10 billion in enterprise value and were capable of high-single-digit profit margins, such an acquisition would not be dilutive and would be strategically beneficial,” wrote Wieser. Read more about the article here: http://bit.ly/10vMIbW

The analyst also noted that CBS chief executive Leslie Moonves has expressed an interest in SPE.”Moonves indicated in the press that SPE is the kind of business that CBS would be interested in purchasing,” Wieser wrote. “However, Sony has reiterated several times that the division is not for sale.”

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