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Gaiam Inc Consummates Sale of Entertainment Media Distribution Business to Cinedigm Corp for $51.5 Million Plus Net Working Capital Adjustment

Monday, 21 Oct 2013 04:35pm EDT 

Gaiam Inc announced that it has consummated the previously announced sale of its non-Gaiam branded entertainment media distribution business (GVE) to Cinedigm Corp for $51.5 million, plus an adjustment for closing net working capital that is expected to total approximately $5 million to $7 million in additional cash consideration. Berenson & Company served as a financial advisor to Gaiam in connection with the transaction. 

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