Mark Rachesky

Lionsgate chairman to sell 10 million shares

Lionsgate Entertainment chairman and key shareholder Mark Rachesky is to sell 10,000,000 shares in the US studio. Rachesky is offering the shares via his investment firm, MHR Fund Management, and gives underwriter J.P. Morgan Securities a 30-day option to purchase 1,500,000 shares. This will reduce Rachesky’s stake by about 7% from the current 35%, and […]

Alibaba ‘eyes $1.6bn Lionsgate stake’

Chinese e-commerce giant Alibaba is reportedly set to move for a 37.4% stake in US studio Lionsgate. According to the New York Post, Alibaba wants to acquire Lionsgate chairman Mark Rachesky’s stake, which is said to be worth around US$1.6 billion. Should a deal go through, Alibaba would become the Orange is the New Black […]