Details of Lionsgate Break Investment Disclosed

By Staff Published on .

Most Popular, the Web video site that aims at the Spike TV demographic, in the summer said Lionsgate had invested in the company. Friday, Lionsgate disclosed it had sunk about $21.4 million into break, giving it about 42 percent of the company, PaidContent reports. That option can be exercised until the earlier or 30 months after June 30, 2007, or a year after a change in control, for $58 million in cash or stock.
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