China’s Dalian Wanda Group Co. is in talks with Viacom about buying 49% of the studio, according to people familiar with the discussions. Another, undisclosed, suitor is also on the... Viacom Inc. executives are pressing ahead with plans to sell a stake in the Paramount Pictures movie studio despite resistance from controlling shareholder Sumner Redstone, potentially inflaming an already incendiary boardroom battle at the media giant.

Source: Wall Street Journal July 13, 2016 20:58 UTC