Entertainment One buys stake in 'Grey's Anatomy' producer MGC
LONDON (Reuters) - TV distributor Entertainment One is buying a majority stake in The Mark Gordon Company (MGC), the producer of TV show "Grey's Anatomy" and movies including "Speed" and "Saving Private Ryan", to create a new TV and film studio joint venture.
The British company said on Tuesday it would pay $132.6 million (87 million pounds), comprising $127.5 million in cash and $5.1 million in shares, for a 51 percent stake in MGC, with an option to buy the rest of the company in seven years.
(Reporting by Paul Sandle; editing by Kate Holton)
