Deals
Viacom Board Said to Plan Strategic Review, Hire Advisers
- Morgan Stanley, LionTree said to help on capital structure
- Directors must decide what to do with $12 billion in debt
Viacom Said to Plan Strategic Review
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Viacom Inc.’s revamped board will meet next week to discuss strategic options, including the possibility of deals involving movie studio Paramount Pictures, according to people familiar with the matter.
The directors are holding an all-day strategic review on Sept. 14, said the people, who asked not to be identified discussing private information. Former Chief Executive Officer Philippe Dauman submitted details of his talks to sell a minority stake in Paramount to the board last week. No concrete deal is on the table, the people said.