Byron Allen sells his entire Starz Entertainment stake after acquiring more than 10% of the company earlier this year in a deal involving former Treasury Secretary Steven Mnuchin. Multiple outlets report that Allen’s investment is fully exited following the purchase and subsequent sale of the shares.
Context differs slightly by outlet. Variety focuses on the profit framing and the specific linkage to the earlier purchase arrangement, describing the sale of 1.8 million shares. Deadline emphasizes the mechanics of the exit, including that Allen Family Capital sold the holdings in multiple tranches over a defined period and cites the approximate per-share prices. The Hollywood Reporter presents a more straightforward account of the sale and the fact that Allen acquired over 10% earlier in the year from Mnuchin.
