 Shari Redstone |
WPP's Finsbury represents National Amusements Inc., the company of Shari Redstone and dad Sumner, as it battles to merge Viacom with CBS.
NAI owns about 80 percent of the Class A voting stock of Viacom and CBS.
Shari won a big court victory today as a Delaware judge rejected CBS’ move to eliminate NAI’s controlling stake.
CBS chief Les Moonves pushed for payment of a special dividend that would have slashed NAI’s ownership in the broadcaster to less than 20 percent.
NAI called CBS’ dividend scheme an effort to deprive a shareholder of its fundamental voting rights.
“The court’s ruling today represents a vindication of National Amusement’s right to protect its interests,” said a statement from NAI. “As we intend to demonstrate as the case proceeds, the actions of CBS and its special committee amount to a grievous breach of fiduciary duties and show no regard for the significant risks posed to CBS and its investors."
CBS expressed disappointment with the court ruling and vowed further action to challenge any moves by NAI that it deems unlawful.
Sara Evens and Kerry Golds at Finsbury represent NAI.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
