Cinedigm Sells Majority Ownership Stake to Hong Kong’s Bison Capital in $40 Million Deal

Cinedigm — landing a deal to bring in much-needed financing to pay down its debt — has agreed to sell majority equity ownership to Bison Capital, a Hong Kong-based investment firm. Under the terms of the deal, Cinedigm will sell Bison Capital 20 million shares of Class A common stock for up to $30 million.... Read more » Todd Spangler