Viacom Inc. on Thursday said it wants to purchase the 62 percent stake in sports news provider SportsLine.com Inc. that it does not already own. SportsLine board members are evaluating the offer.
SportsLine runs CBS SportsLine.com for CBS Broadcasting, a unit of Viacom. Ft. Lauderdale, Fla.-based SportsLine in May said it was exploring alternatives to boost shareholder value. Shares of the
company traded at a 52-week high of $2.50 in July 2003.