Alibaba Seeking To Buy 37% Stake In Lionsgate: Report

Todd Spangler, Variety
Fri, 10/24/2014 - 5:41am

China’s Alibaba Group, flush with some $25 billion in cash after its blockbuster IPO last month, is interested in acquiring Lionsgate co-chairman Mark Rachesky’s 37% stake in the studio, according to a report. Rachesky, through his MHR Fund Management investment firm, owns 37.4% of Lionsgate’s shares. A sale of his stake to Alibaba could be announced...

Topics: china s alibaba group ipo mark rachesky s mhr fund management lionsgate s lionsgate stake report

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Alibaba Seeking To Buy 37% Stake In Lionsgate: Report

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