Lions Gate countered Starz offer with $5.5B request - Reuters [Seeking Alpha]
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Lions Gate countered Starz offer with $5.5B request - Reuters - CBS Corporation (NYSE:CBS) | Seeking Alpha M&A | On the Move Tech Lions Gate countered Starz offer with $5.5B request - Reuters May 17, 2019 10:51 PM ET CBS Corporation (CBS) Jason Aycock Lions Gate closed sharply higher today ( LGF.A +14.7% LGF.B +12.5% report The studio reportedly rejected that offer of about $5B on valuation, but the sides may not be as far apart as it seems: Reuters reports Lions Gate turned around and offered the sale for $5.5B Lions Gate had bought Starz for $4.4B in cash and stock in 2016. Adding Starz would (along with Showtime) give CBS two of the key three premium cable networks, and a better chance at competing with clear leader HBO (NYSE: CBS has a board meeting in 12 days at which it will be reviewing strategic options, almost certainly including talks about re-merging with Viacom ( VIA VIAB See all stocks on the move » Now read: AT&T - My Top Investment Idea For 2019 - Continued Enormous Pot
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