Viacom Buys Out BET Interactive Investors
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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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