Lionsgate shares surge over 16% on reports of Legendary Entertainment resuming acquisition talks
LION Lionsgate Studios Corp
$12.15 +14.41%
View chart & analysis → - 1Reports indicate that Legendary Entertainment has resumed negotiations and submitted an acquisition proposal for Lionsgate Studios.
- 2Lionsgate Studios shares surged by more than 16%.
- 3Lionsgate, which has annual revenues of approximately $1 billion, holds an extensive film and television library.
So what's the key point?
Legendary Entertainment has restarted talks to buy Lionsgate. As a result, Lionsgate's stock price rose by more than 16%.
Source Investing.com +1 · View original ↗
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