Shari Redstone Launches Investment Firm

CBS Corp and Viacom vice chairman and National Activity leader Shari Redstone has co-founded Advancit Capital, an earlier-stage investment firm that's been involved with early funding for application maker Nettle. AllThingsD reviews that the organization, co-founded with Jason Ostheimer, is concentrating on media, entertainment and technology companies. Redstone, the daughter of CBS Corp and Viacom chief Sumner Redstone, lately went Half way Games before her father offered his stock in the overall game-maker. She's regarded as the eventual successor towards the throne at Viacom and CBS Corp.