National Amusements Opposes Potential Paramount Stake Sale

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  • Wanda said to be in talks to buy 49% of the Hollywood studio
  • Decision on sale should be left to new board, company says

Sumner Redstone’s National Amusements Inc., the controlling shareholder of Viacom Inc., will oppose any deal by the company to sell a stake in the Paramount Pictures, saying it would “undermine rather than advance” shareholders’ interests.

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