Redstone to unload stakes in CBS, Viacom (Dealscape

The holding company controlled by Sumner Redstone said Wednesday it would sell a portion of its stakes in CBS Corp. and Viacom Inc. to pay off debts.

National Amusements Inc. said it will sell stock worth about $945 million to pay creditors in full. The Dedham, Mass.-based company, which owns a chain of movie theaters in the U.S., Latin America and Europe, said in a statement it will keep a controlling interest with more than 75% of voting rights in the two media companies.

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202 articles related to Sumner Redstone
51 in-depth transaction recordds for CBS Corp.
47 articles related to National Amusements Inc.
41 in-depth transaction records for Viacom
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NOT A SUBSCRIBER? Redstone to unload stakes in CBS, Viacom Posted on October 14, 2009 12:51 PM The holding company controlled by Sumner Redstone said Wednesday it would sell a portion of its stakes in CBS Corp. and Viacom Inc. to pay off debts. National Amusements Inc. said it will sell stock worth about $945 million to pay creditors in full. The Dedham, Mass.-based company, which owns a chain of movie theaters in the U.S., Latin America and Europe, said in a statement it will keep a controlling interest with more than 75% of voting rights in the two media companies. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 202 articles related to Sumner Redstone 51 in-depth transaction recordds for CBS Corp. 47 articles related to National Amusements Inc. 41 in-depth transaction records for Viacom 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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