AMC Networks Inc. will be acquired by Illumination Media Group for $1.8 billion, the company said Monday.

The deal includes an 8.2% stake in AMC, and Illumination will acquire a 75.8% interest in AMC Entertainment, AMC Entertainment Group and a 15.6% interest for AMC Entertainment LLC.

The transaction is subject to customary closing conditions, including the approval of the boards of directors of AMC and Illumina.

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