Lions Gate is stopped for volatility after a spike (LGF.A + 6.7% LGF.B + 7.6% ) as Information Reports CBS (CBS + 0 , 6% ) made an informal offer to buy the Starz cable channel.
Such a purchase could be a supplement to a CBS purchase of Viacom (VIA, VIAB), according to the report.
Lions Gate declined an informal offer of around $ 5B for Starz, seeking a higher valuation, The Information says. The company's total market value is approximately $ 2.85B.
Updated 1:58 p.m.: Lions Gate has resumed trading: LGF.A + 1
Updated at 14:14: After a short spike, the Viacom B shares (NASDAQ: VIAB) have become lower, -1.1% ].