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Redstone 1.6 BILLION in Debt-- Sells Assets Cheap
business.timesonline.co.uk — "Sumner Redstone has hastily offloaded his controlling stake in the computer games company behind Mortal Kombat, triggering a loss of about $800 million (£540 million) on years of investment. The move is the first step in a desperate restructuring of the American media mogul’s operations, as he grapples with $1.6 billion of debt..."
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