By Donovan Jones (seekingalpha)

US Studio Lions Gate Entertainment has bought Britain’s Redbus Film Distribution for $35m (£20m) in stock and cash

Dealmaker

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.