Viacom Said to Pull Plug on Pursuit of Dreamworks

[SOURCE: Los Angeles Times, AUTHOR: Claudia Eller]
Paramount Pictures' parent company, Viacom Inc., has nixed the idea of making a bid for DreamWorks SKG, according to three sources inside Viacom and Paramount. The sources said that Viacom Chairman Sumner Redstone, who controls the board, worried that shareholders and potential investors would balk at a major acquisition — DreamWorks is asking about $1 billion -- at a time when Viacom is poised to split into two publicly traded companies.
http://www.latimes.com/business/printedition/la-fi-paramount20oct20,1,7977357.story?coll=la-headlines-pe-business
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