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The deal brings together two of the biggest providers of licensed visual content in the U.S. as artificial intelligence upends the content-creation market.
The new terms include a higher valuation for National Amusements and stronger language indemnifying the Redstones’ company against litigation that may result from the deal.
The firm says the stock is undervalued and it will seek to engage with the company’s board and management about strategic opportunities to maximize shareholder value.