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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.
UPDATED with quotes from conference call: It’s official: Lionsgate has agreed to pay $4.4 billion in cash and stock for Starz creating what the companies describe this morning as “a global ...
Lionsgate acquired Starz in 2016 for $4.4 billion, and over time, has steadily grown its customer base, which grew by 4.8 million for the quarter, reaching a total of 35.8 million.
The newly single Hollywood studio saw overall revenues fall to $556 million, compared to a year-earlier $590.7 million.
Lionsgate TV boss Kevin Beggs tells TheWrap about the "guerrilla marketing campaign" that turned "The Hunting Wives" into a ...
Lionsgate has long been expected to explore a sale or spinoff of Starz, which it acquired for $4.4 billion in 2016, which could lead to creating two stand-alone businesses.
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 is set to (finally) acquire Starz in a deal valued at $4.4 billion, spread across cash and stock. The two companies had previously flirted for quite some time.
Lionsgate, Starz Take New Step Toward Separation The studio filed a Form 10 registration regarding its planned separation into two publicly traded companies. By Etan Vlessing ... July 12, 2023 1:46pm ...
Lionsgate, the film studio whose titles include The Hunger Games and The Twilight Saga, said Thursday it agreed to buy premium cable network Starz for $4.4 billion.
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.
Representatives of Lionsgate and Starz declined to comment on the merger talk. Analysts have long been intrigued by a Lionsgate-Starz merger as well as Malone’s interest in reshaping Hollywood.
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