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entertainment

Legendary Entertainment Sells Stake to Apollo for $760 Million

By
Sahil Patel
· · Source: The Information

Legendary Entertainment, the studio behind blockbusters such as “Dune” and “The Dark Knight,” has sold a minority stake to private-equity firm Apollo Global Management for $760 million, the companies announced on Monday. The deal comes as billions of dollars in private-equity money are going towards acquiring and investing in Hollywood studios amid a boom in demand for streaming content. If...

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