The 92-year-old Mr Redstone has overwhelming control of Viacom, with a voting stake of about 80 per cent. The company has said little on the subject of his health.
Mr Redstone’s daughter, Shari Redstone, and Viacom chief executive Philippe Dauman, each have claims to a major role in Viacom after Mr Redstone’s death.
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Read the full story at THE WALL STREET JOURNAL, by KEACH HAGEY and AMOL SHARMA