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Legendary Is Mulling Acquisition of Lionsgate Studios
Legendary Entertainment is eyeing a deal to acquire Lionsgate Studios, following the latter company's separation from Starz, Variety has confirmed.
Legendary Entertainment is eyeing a deal to acquire Lionsgate Studios, following the latter company’s recent separation from Starz, Variety has confirmed. As of the end of regular trading Friday, Lionsgate Studios had a market capitalization of about $2 billion. Lionsgate Studios, comprising its TV and film production and distribution divisions and a content library with 20,000-plus titles, merged last year with Screaming Eagle Acquisition Corp., a special-purpose acquisition company (SPAC) and became a separately traded entity (with 87.3% of the total shares of Lionsgate Studios held by Lions Gate Entertainment Corp.).
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