Sources: CBS Offered to Buy Starz From Lions Gate for $5 Billion -The Information

Date : 05/17/2019 @ 8:09PM
Source : Dow Jones News
Stock : CBS Corp (CBS)
Quote : 36.49  0.15 (0.41%) @ 1:00AM
After Hours
Last Trade
Last $ 36.56 ▲ 0.07 (0.19%)

Sources: CBS Offered to Buy Starz From Lions Gate for $5 Billion -The Information

CBS (NYSE:CBS)
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   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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