Viacom Buys Out BET Interactive Investors
From Bloomberg News
Viacom Inc., the media company controlled by Sumner Redstone, bought out investors in its BET Interactive unit, including Microsoft Corp., News Corp., Liberty Media Corp., IAC/InterActiveCorp and hip-hop producer Russell Simmons.
The terms weren’t disclosed. BET Interactive is part of the New York-based company’s BET Networks, a media business catering to African Americans.
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