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Entertainment

Byron Allen sells entire stake in Starz

Outlets report that Byron Allen has sold all of his shares in Starz, ending an investment of more than 10 percent of the company that he purchased earlier this year from Steve Mnuchin.

A film crew working on a large soundstage with lighting equipment and cameras
Illustrative photo · Brands&People / Unsplash

At a glance

  • Byron Allen has sold his complete shareholding in Starz.123
  • Allen had purchased the stake earlier this year from Steve Mnuchin.13
  • The holding comprised more than 10 percent of the entertainment company.23

Media investor Byron Allen has divested his entire equity stake in Starz.123

Allen had acquired the shares earlier this year in a deal with Steve Mnuchin.13

The position had represented more than 10 percent of the company.23

Where sources agree

  • Allen sold his entire stake in Starz3 of 3
  • The stake was acquired earlier this year3 of 3
  • The shares were bought from Steve Mnuchin2 of 3
  • The stake exceeded 10 percent of the company2 of 3

Who covered this

3 National

Sources

  1. 1VarietyByron Allen Earns Profit After Selling All the Starz Stock He Bought From Steven Mnuchin ↗
  2. 2DeadlineByron Allen Sells Entire Stake In Starz ↗
  3. 3The Hollywood ReporterByron Allen Sells His Stake in Starz ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

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