Liberty Global, the John Malone-controlled group, and Discovery Communications strengthened their ties with Lions Gate Entertainment, with each of them purchasing a 3.4% stake in the firm from MHR Fund Management. MHR Fund Management, the investment vehicle of Mark Rachesky, will however remain the biggest shareholder of Lions Gate. John Malone doubles his stake in Lions Gate As outlined by ValueWalk, last February, media mogul John Malone swapped a portion of his Starz shares for an almost 3.5% stake in Lions Gate Entertainment and a seat on the board. Lions Gate Entertainment announced Tuesday that it agreed to sell a…
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