Lionsgate Stock Jumps on Report of CBS Offer to Buy Starz
Published on May 17, 2019
Lionsgate stock surged $2 to close at $15.60 in Friday trading on the New York Stock Exchange, then gained another 10 cents in after-hours trading.
According to the Information, CBS is looking at a deal as a potential complement to Viacom — which CBS is considering acquiring. The report said CBS interim CEO Joseph Ianniello made the offer several weeks ago to Lionsgate executives, who turned it down. Despite being spurned, CBS remains interested in a deal for Starz.
Read full article at: Variety - TV News
Author: Dave McNary