I’m told Mark Rachesky has bought another 700,000 shares of the mini-major. That means he now owns about 22 million shares total, or about 19%. As opposed to corporate raider/shareholder activist Carl Iahn’s 14+%. I told you Rachesky was Icahn’s ex-chief investment officer and has been increasing his position in Lionsgate to maintain his edge with Carl’s. Meanwhile, Lionsgate closed its deal with Macrovision Solutions Corp to acquire the TV Guide Network and TV Guide Online properties. The deal was signed on January 5th.
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