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Liberty Global, Discovery buy stakes in Lionsgate

Tuesday 10 November 2015 | 16:48 CET | News
Cable group Liberty Global is continuing its expansion in the content market with the acquisition of a stake in film and TV studio Lionsgate. Liberty Global and Discovery Communications each have agreed to buy 5.0 million common shares of Lionsgate from MHR Fund Management, resulting in each having a 3.4 percent stake in the company. The purchase price is USD 195 million each for Liberty and Discovery. The investment in Lionsgate gets Liberty Global and Discovery a "preferred partner relationship" for licensing rights to certain content across their markets. Productions of Lionsgate include

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Categories: Broadcast & Satellite
Companies: Discovery Communications / Liberty Global
Countries: World
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