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After Months of Trying to Sell Its 81 Percent Stake

Question 6

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After months of trying to sell its 81 percent stake in Blockbuster Inc., Viacom undertook a spin-off in mid 2004. Why would Viacom choose to spin-off rather than divest its Blockbuster unit? Explain your answer.

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With the emergence of online movies on d...

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