Status:  New/Upcoming Filing

Acquirer:  Bison Holding Company Ltd. (China)

Acquired:  Cinedigm Corp. (U.S.)

Value:  Approx. US$30 million

Industry:  Multimedia

On June 29, 2017, Cinedigm Corp., a leading independent content distributor in the U.S., entered into a Stock Purchase Agreement with Bison Entertainment Investment Limited, a wholly owned subsidiary of Bison Holding Company Ltd. (referred to as “Bison Capital”),  a Hong Kong-based investment company with a focus on the media and entertainment, healthcare and financial service industries.  (See Cinedigm Corp. Form 8-K, June 29, 2017, SEC Filing.)

Upon closing, “Bison Capital will beneficially own a majority of the outstanding Class A Common Stock and will be entitled to designate two (2) members of the Company’s Board of Directors, the size of which shall be set at seven (7) members.”  (Cinedigm Press Release, Bison Capital to Make Significant Strategic Investment in Cinedigm, June 29, 2017.)  “The Transactions are subject to a number of closing conditions, including . . . regulatory approvals including CFIUS.” (Cinedigm Corp. Form 8-K, June 29, 2017, SEC Filing.)