Poor, homeless Terminator. No one seems to want to hold on to this long-running series for more than a few years, even though the movies always do good business.

To be fair to the Terminator franchise, the current rights holders aren’t exactly in a prime position to be choosing to hold on to them. The Halcyon Holding Group is currently facing bankruptcy, and the Terminator rights bought for $25 million in 2007 are the most valuable asset on the company’s books.

The rights were being hawked around in September, but none of the interested parties bit. An auction was then proposed, but it now looks as though Lionsgate has nabbed the rights at the last minute.

According to The L.A. Times, Lionsgate has bid $15 million in cash plus 5 percent of gross receipts from any future movies. If the bid is successful, Halcyon will also keep all revenue generated by last summer’s Terminator: Salvation.

Lionsgate has been named the ’stalking horse’ bidder in the company’s bankruptcy filing, which means any rival bid will now have to be at least $750,000 more than the $15 million. Both Sony Pictures and Warner Brothers are thought to still be interested.

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