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Steve Mnuchin, Former Treasury Secretary Under Trump, Increases Lionsgate Studios Stake to 12.6%
Steve Mnuchin, treasury secretary during Trump's first term, upped his stake in Lionsgate Studios from 9.5% to 12.6%.
In a press release Thursday, Mnuchin’s Liberty Strategic Capital announced that it acquired an aggregate of 3.3 million additional common shares of Lionsgate Studios. In addition, John Malone’s Liberty Global owned about 7 million Lionsgate Studios shares as of May 6 (representing 2.5% of the total at the time). Last year, Mnuchin’s Liberty Strategic Capital led an investor group that invested $1 billion into struggling New York Community Bancorp (which has since changed its name to Flagstar Financial).
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