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Shareholder lawsuit blasts Shari Redstone’s ‘persistent influence’ in Viacom-CBS deal

Y2kTheNewOldies

Y2kTheNewOldies

https://www.latimes.com/entertainme...edstone-cbs-viacom-merger-shareholder-lawsuit


ViacomCBS investors in a sweeping class-action lawsuit allege that controlling shareholder Shari Redstone used her “persistent influence” to push through a controversial merger and sideline those who stood in her way.

CBS had fiercely resisted a merger with Viacom — until last year.

But Redstone enlisted the support of pliant board members and executives to orchestrate the deal, according to a 117-page lawsuit filed in Delaware Chancery Court, which was made public this week. The case details behind-the-scenes maneuverings that led to a softening of CBS’ position, paving the way for the December union between the two companies.
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The ax-grinding continues after the merger
 
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