16.9 After months of trying to sell its 81% stake in Blockbuster Inc., Viacom undertook a spin-off...

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16.9 After months of trying to sell its 81% 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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