21-08-2016 12:41 via thedrum.com

Viacom power struggle comes to a close with Sumner Redstone taking control

The turbulent fight over $40bn media company Viacom has come to a close, with 93-year-old billionaire Sumner Redstone taking control.
A settlement agreement has been reached ending the battle between Redstone and his daughter Shari Redstone, against directors at Viacom and granddaughter Keryn Redstone, who entered the battle in June. Redstone now takes complete control of Viacom - which owns MTV, Comedy Central, Nickelodeon and Paramount Pictures - and CBS.
Philippe Dauman, who had been Viacom's
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