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Lionsgate/Summit Deal Is Official

Last week, Lionsgate officially purchased Summit Entertainment for $712.5 million, consisting of a $412.5 million equity plus an assumption of $300 million in debt.

Nothing has been said yet about what will happen to the movies that Summit had already purchased the rights to. We will keep you updated if any information is released.

To read more about the deal, click here.

 


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