Details of Lionsgate Break Investment Disclosed

By Staff Published on ., 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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