LOS ANGELES -- Lions Gate Entertainment (LGF) is close to buying Summit Entertainment, the maker of the Twilight series of vampire movies, according to published media reports.
Lions Gate plans to spend $400 million in cash and stock on the movie studio, according to a report by the Associated Press that cited two anonymous sources familiar with the deal.
The deal talks are in the late stages and could be wrapped up this week, the news agency reported.
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