April 5 MGM Holdings Inc said it would acquire the 81 percent of Epix it does not already own from two of its partners in the premium U.S. channel, Viacom Inc and Lionsgate Entertainment Corp, for about $1.03 billion.
Viacom has a 50 percent stake in Epix, while Lionsgate holds 31.2 percent.
The deal would give MGM, a privately held U.S. movie studio best known for its classic film library, control of Epix and would be a boon to its TV business, as it seeks to build a stronger platform to distribute its content. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Anil D'Silva)
Private U.S. property insurers have highest Q1 catastrophe losses since 1994 quake
June 26 Private U.S. property casualty insurers suffered $7.3 billion in catastrophe losses during the 2017 first quarter, the worst such quarter since the 1994 earthquake in Northridge, California, a data company and trade group said on Monday.
BRIEF-Gaming Nation says to be acquired by Orange Capital for CAD$0.95 in cash per share
* Price per share implies an aggregate fully‐diluted equity value for Gaming Nation of approximately CAD$44 million