Viacom has few options for fighting National Amusements

Steven Davidoff Solomon writes for The New York Times, June 9, 2016

Under the amended bylaws, Viacom can sell Paramount only if 100 percent of the directors of Viacom agree. Given that Mr. Redstone’s daughter, Shari Redstone, is a director of Viacom and has adamantly stated her opposition to a sale, this amendment is intended to put a halt to any possibility of a sale and to stop Viacom’s process seeking a buyer of a minority interest in Paramount.