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Lions Gate acquires Summit Entertainment for $412.5 million

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.

Lions Gate Close to Deal for Summit Film Studio

Lions Gate Entertainment is close to an agreement to acquire Summit Entertainment, the studio behind the "Twilight" movies, in a deal expected to close as early as this week, according to people familiar with the matter.

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