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Classic Media Joins Hunt for HIT

by on April 6, 2005
 
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Lions Gate Entertainment and Classic Media have approached HIT Entertainment with unsolicited takeover offers, according to New Ratings. HIT says that the offers are preliminary and there is no assurance that either company will make an offer.

HIT has already agreed to be purchased by Apax Partners and has given its shareholders three weeks to vote on that offer, according to The Guardian.

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