Wednesday, November 22, 2017

Cinedigm Investment Deal Clears CFIUS Review

Los Angeles-based Cinedigm, which distributes movies and other content to iTunes, Netflix, and Amazon, and others, said the majority investment deal from Bison Entertainment Investment Limited has been approved by the Committee on Foreign Investment in the United States (CFIUS). According to Cinedigm, the CFIUS said it will not take action to prevent, unwind, or require any modifications to the deal, which was announced on June 29th. Bison Capital is based in Hong Kong. As part of the investment deal, Cinedigm said Bison Capital now owns a majority of its Class A common stock, and Bison Capital has added Mr. Peixin Xu and Mr. Peng Jin to the board of Cinedigm.