Byron Allen Sells Stake in Starz, Nets $20 Million Profit

Byron Allen Earns Profit After Selling All the Starz Stock He Bought From Steven Mnuchin

Byron Allen has sold all of the shares in Starz that he had acquired earlier this year from Steve Mnuchin, the former Hollywood producer who served as Treasury Secretary during President Trump’s first term.

Byron Allen Starz stock sale yields profit from Mnuchin shares

According to Variety, Byron Allen has sold all of the Starz shares he acquired earlier this year from Steve Mnuchin and earned a profit on the sale.

Byron Allen Sells Entire Stake In Starz

Byron Allen’s Beverly Hills-based Allen Family Capital has unloaded its entire stake in Starz Entertainment. The family office sold the stock in tranches between August 9 through Sept. 29 at prices of between circa $21 and $26 a share, according to an SEC filing Thursday. Allen unveiled in March that he had acquired a 10.7% stake. Starz put in place a poison pill just after the move by the founder and CEO of Allen Media Group. The shares have…

Byron Allen Sells His 10% Stake in Starz After 7 Months

The media mogul sold all of his shares, which he acquired earlier this year, throughout August and September for almost $45 million in total

Byron Allen Sells His Stake in Starz

The mogul acquired more than 10 percent of the company earlier this year in a deal with Steve Mnuchin.

Byron Allen sells stake in Starz, nets $20 million profit

Allen's investment firm sold 1.8 million shares of Starz between early August and late September, regulatory documents show.— This story first appears at TheDesk.net, a premium source for original news and analysis on the business of media and technology. Never miss a story — make sure our stories appear in your Google search results by adding us as a trusted source, and sign up for our free newsletters here.