Viacom to Buy Remainder of Sportsline Stock

  • August 2, 2004
Viacom Inc., which owns roughly 38 percent of Sportsline.com's common stock, announced on Monday that it will buy the remainder of the sports news Web site's stock for about $1.75 a share with cash, according to Reuters. The deal, subject to approval by SportsLine.com's shareholders, is expected to be completed by year-end.
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