MGM Holdings $1 billion acquisition of Epix

Overview:

• MGM Holdings has acquired US television channel Epix in a $1 billion deal.
• Now the full owner of Epix, MGM had previously owned about 19% of the premium station.
• Epix was sold by Viacom and Lionsgate Entertainment.
• LionTree Advisors acted as financial adviser for Viacom and Lionsgate.
• The transaction is expected to close within the month.

Kurt Stumpo - Journalist