US
Studio Lions Gate Entertainment has bought Britain's
Redbus Film Distribution for $35m (£20m)
in stock and cash. Lions Gate has also acquired Redbus's
library of distribution rights to more than 130 films including
hits such as Bend it Like Beckham. Redbus chairman Simon
Franks, a former JP Morgan Banker, founded the company in 1998.
Redbus was advised on the deal by Allen & Co
's John Josephson and Omar Issani.
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