Broadcast-streaming. The $3bn-revenue AMC Networks, of New Yorks, has agreed to purchase Robert L. Johnson’s over-the-top video company, under which it will pay $65m in cash for shares it didn’t already own. RLJ operates two internet video subscription services: Acorn TV, which features British television and film content, and UMC (Urban Movie Channel). AMC’s agreement to acquire RLJ for $6.25 per share announced this week is a 47% premium over its $4.25 per share offer in February. The total enterprise deal of the value is approximately $274m.
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AMC buys RLJ Entertainment for $65m
