John Malone's Liberty Global buys stake in STX Entertainment [Los Angeles Times (CA)]
Liberty Latin America Ltd. - Class C (LILAK)
US:NASDAQ Investor Relations:
libertyglobal.com/ir.html
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Source: Los Angeles Times
John Malone's Liberty Global buys stake in STX Entertainment Media mogul John Malone ’s Liberty Global has taken an interest in STX Entertainment, the startup film and TV studio behind the “Bad Moms” movies. Liberty Global, Malone’s international television and broadband provider run by Chief Executive Michael Fries , has invested an undisclosed amount in the Burbank studio, the companies said Thursday. Financial terms were not revealed and executives were not made available for interviews. The deal values the company at about $1.5 billion, the same amount that the studio was worth when Chinese technology giant Tencent and Hong Kong telecom firm PCCW invested last year, according to people familiar with the matter who were not authorized to comment. Other investors in STX include TPG Growth, China’s Hony Capital, producer Gigi Pritzker and East West Bank Chairman Dominic Ng. In Liberty, STX is getting a powerful ally with a broad reach in television and internet distributi
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