Lions Gate Sues Billionaire Icahn Over MGM Drama
The movie studio has sued activist investor Carl Icahn for opposing a merger with MGM. But the internal bickering doesn't look good for the company. Will the lawsuit end up sinking its bid?
Lions Gate buys MGM
Icahn Supports Lions Gate's Bid to Buy MGM
Billionaire investor Carl Icahn threw his support behind Lions Gate Entertainment's proposal to acquire debt-laden Metro-Goldwyn-Mayer, according to a filing with the SEC Tuesday. Icahn is Lions Gate's largest shareholder and also holds a significant amount of MGM's debt.