Bison Capital, a Hong Kong-based investor in film and TV production, agreed to acquire a majority stake in Cinedigm Corp., which creates programs for Netflix Inc. and other online outlets
Bison will buy 20 million newly issued shares of Cinedigm for up to $30 million and provide as much as $10 million in working capital, according to a statement Thursday. Los Angeles-based Cinedigm is also in talks to exchange its 5.5 percent convertible notes due in 2035.
