Lions Gate to buy cable channel Starz in $4.4 billion deal
NEW YORK (AP) — Film and TV studio Lions Gate is buying cable channel operator Starz in a deal worth $4.4 billion.
NEW YORK (AP) — Film and TV studio Lions Gate is buying cable channel operator Starz in a deal worth $4.4 billion.
NEW YORK (AP) — Film and TV studio Lions Gate is buying cable channel operator Starz in a deal worth $4.4 billion.
NEW YORK (AP) — Film and TV studio Lions Gate is buying cable channel operator Starz in a deal worth $4.4 billion.
NEW YORK (AP) — Film and TV studio Lions Gate is buying cable channel operator Starz in a deal worth $4.4 billion.
NEW YORK (AP) — Film and TV studio Lions Gate is buying cable channel operator Starz in a deal worth $4.4 billion. Together, Lions Gate said it can tap its library of movies and TV shows and air them through Starz's channels.
Hollis Johnson/Tech Insider
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Starz
Lionsgate is buying premium-cable network Starz for $4.4 billion.
According to a release from Lionsgate, the deal was made with a combination of cash and stocks, which values Starz at $32.73 per share to shareholders. That's 18% over the 20-day average trading price for Starz as of June 28.
Starz will now present the offer to its shareholders for approval, with the deal estimated to be completed by year's end.
"The combination of Lionsgate and Starz brings significant... Читать дальше...
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Image source: Getty Images.
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