Sources: CBS Offered to Buy Starz From Lions Gate for $5 Billion -The Information
May 17 2019 - 3:09PM
Dow Jones News
By Josh Beckerman
--Lions Gate Entertainment Corp.'s (LGFA, LGFB) Class A shares
surged 12% to $15.26 as The Information reported that CBS Corp.
(CBS) expressed interest in buying Starz from Lions Gate for about
$5 billion. The report cited four people familiar with the
situation.
--CBS interim CEO Joseph Ianniello made an informal offer to
Lions Gate over the past weeks, according to the report.
--Spokesmen for CBS and Lions Gate declined to comment.
https://www.theinformation.com/articles/cbs-made-informal-offer-to-acquire-starz
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 17, 2019 14:54 ET (18:54 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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