National Amusements Opposes Potential Paramount Stake SaleBy
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.