Deals
Viacom Acquires Soros Stake in Films for $400 Million
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Viacom Inc. bought back a majority stake in the DreamWorks SKG film library from billionaire investor George Soros, taking on $400 million in debt to regain rights to movies such as “Gladiator.”
The purchase of Soros’s 51 percent stake in 59 titles, including “Saving Private Ryan,” was completed on Feb. 8, Viacom Chief Financial Officer Thomas Dooley said today on a conference call.