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From Times Staff and Wire Reports
Maxwell Sells MTV Stake: Viacom Inc. will acquire Robert Maxwell Group’s 50% stake in MTV Europe for $60 million to $65 million. The purchase will give Viacom 100% ownership of the popular music channel in Europe. MTV Europe was originally a joint venture of Viacom, Maxwell and British Telecommunications. Viacom has already acquired British Telecommunications’ stake.
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