Lionsgate Stock Jumps on Report Legendary Entertainment Has Submitted New $3.5 Billion Takeover Offer
Production company Legendary Entertainment has revived its bid to acquire Lionsgate, according to a Bloomberg report.
Variety reports: Production company Legendary Entertainment has revived its bid to acquire Lionsgate, according to a Bloomberg report.
Is Lionsgate — a long-rumored acquisition target — going to find a buyer this time? Shares of Lionsgate popped more than 15% Tuesday on the report.
This business story centres on the United States. Names and organisations mentioned in the coverage include Lionsgate Stock Jumps, Legendary Entertainment Has and Submitted New.
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Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- United States · Americas
- Reported by
- Variety
- First reported
- Key names
- Lionsgate Stock Jumps, Legendary Entertainment Has, Submitted New, Billion Takeover Offer
- Section
- Business
- Figure cited
- Legendary submitted a takeover offer for Lionsgate that values Lionsgate at $3.5 billion. (Variety)
Sources
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