CBS sues controlling Redstone family in bid for independence

May 14, 2018 by  
Filed under News

(Reuters) – CBS Corp filed a lawsuit on Monday to reduce the voting power of controlling shareholder National Amusements Inc, the movie theater company owned by Sumner and Shari Redstone, in an act of defiance aimed at thwarting the Redstones’ plan to merge CBS with Viacom Inc.

Source: Reuters Business News

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