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Lionsgate said the deal in total values Starz shares at $32.73, an 18% premium over the 20-day average trading price for Starz as of June 28. Starz shares have been on the rise for the past ...
Lionsgate CEO Jon Feltheimer revealed details during an investor call on Thursday, May 26, about the company’s plans to spin off its Starz streaming unit by the end of the summer.
Silver (SI=F) is up more than 33% this year, hitting a 14-year high as investors seek an affordable safe haven amid ...
Lionsgate, the movie and TV studio behind “Hunger Games” and “Orange Is the New Black,” on Thursday announced its plans to acquire Starz for $4.4 billion, including debt.
Lionsgate spent $4.4 billion to buy Starz in 2016, a move that expanded its television operations, but one that also added to its debt load.
Lionsgate CEO Jon Feltheimer says spinning off his Hollywood film and TV studio business from Starz via a Special Purpose Acquisition Company (SPAC) deal offers the best flexibility available ...
One of the factors complicating the dealmaking is the valuations of the two companies. Wall Street places Lionsgate’s worth at $5.7 billion, while Starz has a valuation of $4 billion.
Stock in Lionsgate rose 43 cents, or just over 4 percent, to $11.00 in after-market trading on news of the potential Starz spin-off. News of Starz spin-off talks came as the studio unveiled its ...
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