Y Combinator’s Garry Tan Goes to the MatRead more

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media/telecom

CBS Sues to Strip Redstone Family of Supervoting Power

By
Martin Peers
· · Source: Variety

This is an extraordinary lawsuit of interest to any company whose founder has supervoting shares—and that includes both Alphabet and Facebook. CBS has reportedly sued to dilute the majority voting stock held by its controlling shareholder, the Redstone family, to stop it from forcing a merger with the Redstone family’s other public media company, Viacom. This is the latest in a long and...

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