Lions Gate

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?

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.

Icahn Raises Hostile Bid for Lions Gate to $7.50 a Share

Lions Gate Entertainment shares jumped some 12.5% to around $7.30 Tuesday after billionaire activist investor Carl Icahn raised his hostile bid for the studio to $7.50 per share in cash, up from the previous offer of $6.50 a share. Lions Gate's board said it will review the offer.