Lions Gate Acquires Summit Entertainment For $412.5 Million

By Ben Fritz, Los Angeles Times
Fri, 01/13/2012 - 3:19pm

Bringing Hollywood's two biggest independent film studios and the blockbuster young adult franchises "Twilight" and "The Hunger Games" into one powerful entity, Lions Gate Entertainment has agreed to acquire Summit Entertainment for $412.5 million in cash and stock.

Sections: movies

Topics: acquisition hunger games independent film studio lionsgate mergers & acquisitions movie studio summit entertainment twilight

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