John Malone

John Malone's Liberty Global buys stake in STX Entertainment

John Malone's Liberty Global buys stake in STX Entertainment

Media mogul John Malone’s Liberty Global has taken an interest in STX Entertainment, the startup film and TV studio behind the “Bad Moms” movies.

Liberty Global, Malone’s international television and broadband provider run by Chief Executive Michael Fries, has invested an undisclosed amount in the Burbank studio, the companies said Thursday.

Financial terms were not revealed and executives were not made available for interviews.

The deal values the company at about $1.5 billion, the same amount that the studio was worth when Chinese...

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