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Hedge Fund Wins 'Terminator' Franchise Rights
The Terminator rights were sold for $29.5 million, following a legal battle in which Halcyon Holding was forced to file for bankruptcy, the case was started by the hedge fund which won the bidding wars, Pacificor.
Lionsgate and Sony were strong bidders, even teaming up at one point, but eventually loosing to the frenetic will of the hedge fund, which has an interesting backstory in the case.
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