Byron Allen Acquires 10.7% Stake in Starz From Steve Mnuchin’s Investment Firm for $25 Million

6 Mar, 13:24 — 6 Mar, 16:02

Why this matters

This acquisition marks a significant move by Byron Allen, a media mogul who has previously expressed interest in acquiring major media assets. The purchase from Steve Mnuchin's firm suggests a strategic shift for Starz, potentially impacting its future direction and ownership landscape.

Key entitiesByron Allen Starz Steve Mnuchin Liberty 77 Capital Allen Family Capital

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Sources

Showing 4 of 4 sources

varietyMostly Factual176d ago

Byron Allen Acquires 10.7% Stake in Starz From Steve Mnuchin’s Investment Firm for $25 Million

Allen Family Capital, the investment arm of media mogul Byron Allen, acquired a 10.7% stake in Starz Entertainment for $25 million in a private transaction with Liberty Steve Mnuchin’s Liberty 77 Capital. In an announcement Thursday, Allen Family Capital said it acquired 1,803,786 common shares of Starz at a purchase price of $13.86 per common […]

By Todd Spangler

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hollywood-reporterMostly Factual176d ago

Byron Allen Buys Major Stake in Starz from Steve Mnuchin

Allen's family office acquired the 10.7 percent stake from Mnuchin's Liberty 77 Fund.

By Alex Weprin

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deadlineMostly Factual176d ago

Byron Allen Acquires 11% Stake In Starz For $25M

Byron Allen has acquired a 10.7% stake in Starz, paying $25 million for 1.8 million shares in the entertainment company. The deal follows years of Allen throwing his name in the mix for a range of media properties. He was among several bidders for Paramount when it was under Shari Redstone’s control and expressed interest […]

By Dade Hayes

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seeking-alphaMixed176d ago