LionsGate

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.

Why Netflix's Epix Deal Will Help It Find a Happy Ending

Netflix's deal with Epix to add movies from Paramount, Lionsgate and MGM to its Watch Instantly service's inventory drew bearish reactions from analysts and investors. But the needed deal will help Netflix gain a winning position in the long run.

Lionsgate's Creditors Block Icahn's Default Threat

Lionsgate's syndicate of creditors agreed to increase the trigger point at which it deems a "change in control" has taken place at the movie studio, raising the bar Carl Icahn will have to hurdle in his hostile bid to buy the company.

Biz Brief: Icahn's Pursuit May Push Lionsgate Into Bankruptcy

Carl Icahn threatened Friday to increase his holdings in Lionsgate Entertainment beyond the approximately 19% stake he now owns, pointing out that such a move could potentially trigger a bankruptcy filing by the company, which he is trying to acquire in a hostile takeover.

Tony and Sir Ridley Scott: MGM's White Knights?

Talk about an odd plot twist. Big-budget film director brothers Tony and Sir Ridley Scott have emerged as possible bidders for Metro-Goldwyn-Mayer, the beleaguered studio which has been shopped around since late last year.