Recon Buys Majority Stake in Millennium Films for US$100 Million

Shenzhen-based and listed Recon Holding has taken a 51 percent stake in Millennium Films, producer of The Expendables series, for US$100 million, the two companies announced Thursday in a statement.

The announcement ends rumors that a deal for that amount was being negotiated, although initial speculation indicated that price was more likely for a complete buy-out of Los Angeles-based Millennium.

FOLLOW THE LINK FOR THE FULL REPORT – JR 

http://chinafilminsider.com/recon-buys-majority-stake-millennium-films-us100-million/

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