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Home / Business / Lions Gate spikes on report by CBS informal Starz offer (updated) – CBS Corporation (NYSE: CBS)

Lions Gate spikes on report by CBS informal Starz offer (updated) – CBS Corporation (NYSE: CBS)



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

1.3% ;

.

Updated at 14:14: After a short spike, the Viacom B shares (NASDAQ: VIAB) have become lower, -1.1% ].


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