Lionsgate Studios Holding Corp. Takeover interest from Bollore and Banijay drives stock up 9% after hours.
Lionsgate Studios jumped 9% in after-hours trading following a Reuters report that the entertainment company is exploring a sale and has received takeover interest from France's Bollore Group. The studio behind the "Hunger Games" and "John Wick" franchises is working with an investment bank to evaluate inbound interest, though a deal is not certain and Lionsgate may decide to remain independent. Banijay Group, the TV producer behind "Big Brother" and "Survivor," is among other suitors that have evaluated a bid. The valuation sought by shareholders could make it harder for potential buyers to reach an agreement, with previous suitors having stepped away due to price expectations.
Lionsgate Studios Holding Corp. Takeover interest from Bollore and Banijay drives stock up 9% after hours.
Banijay Group NVBanijay is mentioned as a potential suitor, but no deal certainty or impact on its own valuation.
Bollore SABollore is mentioned as expressing takeover interest, but no deal certainty or impact on its own valuation.