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The company did not say how much it had paid for the TVGN stake, but media reports said earlier that OEP, the private equity unit of JPMorgan Chase & Co (NYSE:JPM), could get USD100m (EUR78.2m) for its 50% in TVGN.
Kennedy was a key player in Lionsgate's evolution into a powerhouse global entertainment company, with roles in acquisitions of Summit Entertainment and TVGN, while maintaining the company's investment in syndicator Debmar-Mercury.