viacom: Paramount realises $168 million in non-cash gain from Viacom18 stake dilution
Paramount Global has realised non-cash gain of $168 million for the quarter ended June from dilution of its stake in Indian media conglomerate Viacom18, the company said in its quarterly regulatory filing recently. In April, the company’s stake in Viacom18 dropped to 13% from 49% following a strategic transaction that saw Reliance Industries Limited (RIL) …