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Sumner Redstone
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Sumner Redstone, controlling shareholder of Viacom and CBS, is raising $945m by selling off all of his non-voting stakes in the two media companies to pay off debt. The stock sale will leave Redstone with 75% control of both companies, despite cutting his equity stake by a third, and will help avert a fire sale of nearly all the movie theatres he owns through National Amusements,...
Sumner Redstone Pictures
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