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Moreover, once Redstone passes away or is declared to be legally incompetent, legal arrangements in place would require the control stake to remain for decades in an irrevocable trust that would be managed by a group of trustees, most of whom have no proven business experience in leading large public companies.
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The controlling stake still belongs to the Glazer family.
The sale of the controlling stake was closed the same day.
The consortium offered $190m more than Mr Slim for the controlling stake.
It expropriated the controlling stake held by Repsol of Spain in YPF, an oil company.
Often the company paid cash rather than stock, to avoid diluting the controlling stake of the French billionaire Bernard Arnault.
Yet the controlling stake in the Formula One companies had been held by the German media magnate Leo Kirch.
The proposed law permits joint ventures with the private sector as long as the state has the controlling stake.
In 2007, K.K.R. and other firms acquired the controlling stake in Aricent, a software company, for $900 million.
His stake is held through Ravelston Management, a private company that owns 78percentt of Hollinger Inc., a publicly traded company that owns the controlling stake in Hollinger International.
But it won't have the controlling stake a private equity firm typically enjoys, even if Carlyle has taken minority stakes before.
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