K.J. Yossman Twickenham Studios chair Sunny Vohra has acquired a 6.95% stake in media fund APX Group, becoming one of the main shareholders of its parent company APX Corporation Inc.
Vohra has also joined the board of directors and the acquisition committee. The deal, which was worth over $70 million, reflects a market cap of $1.1 billion for APX.
Loeb & Loeb LLP’s Mitchell S. Nussbaum advised APX Group on the deal. He is also set to advise the company on other deals ahead of a planned public merger on the New York Stock Exchange later this year.
APX Group has a number of feature and longform projects in the pipeline, including the recently-acquired Bret Easton Ellis drama “American Tabloid.” Vohra snapped up Twickenham Film Studios – the home of iconic movies including the original “Blade Runner” – in 2012, prompted by his longstanding passion for film. “I am very pleased to join the APX Group,” said Vohra. “The business structure of APX fits well into my future investment strategy and, of course, my consistent support of the entertainment industry.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.