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Lions Gate jumps on takeover talk

Published 01/18/2018, 09:50 AM
© Reuters.  Lions Gate jumps on takeover talk
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  • Lions Gate Entertainment is up strong in early going (LGF.A +4.5%, LGF.B +4.4%) after a Deadline Hollywood piece floating a buyout by some potential big suitors.
  • Amazon.com (NASDAQ:AMZN), Verizon (NYSE:VZ) and even a CBS-Viacom combo (CBS, VIA, VIAB) have been sniffing around the company, the report says.
  • The studio has come to the forefront of M&A talk in media as a smaller player who may need bigger pockets and infrastructure to compete.
  • Verizon could benefit since it's been looking for a shot in the arm in mobile video. A CBS-Viacom-Lions Gate trio would result in a significantly strengthened media firm with a stake in several areas.
  • Now read: Amazon: Just Keep Buying


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