Lions Gate Boosts Holdings with Artisan Purchase
Lions Gate Entertainment Corp. has agreed to acquire Artisan Entertainment Inc. for $160 million cash, plus the assumption of $40 million in debt, thus creating a company with more than 8,000 entertainment titles.
A Lions Gate spokesman said the acquisition includes the assumption of about $40 million in debt, putting the total value of the deal at slightly above $200 million, plus performance-based compensation.