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Entertainment & Sports

Jan. 18, 2012

Independent powerhouse studios close merger deal

Two of Hollywood's biggest independent studios have merged in a leveraged buyout worth $412.5 million in cash and stock and leveraged with $500 million of debt.


By Ciaran McEvoy


Daily Journal Staff Writer


Two of Hollywood's biggest independent studios have merged in a leveraged buyout worth $412.5 million in cash and stock and leveraged with $500 million of debt.


Lionsgate Entertainment Corp., which is producing the upcoming "Hunger Games" film, announced it purchased Summit Entertainment LLC, the company behind the popular vampire romance "Twilight" movie series as well as the...

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