Lions Gates Entertainment offered to sell cable channel Starz to CBS Corp for $5...
- Lions Gates Entertainment offered to sell cable channel Starz to CBS Corp for $5.5 billion after rebuffing a lower offer, two sources familiar with the matter told Reuters.
The counter offer was made by the film studio behind the Hunger Games movies after CBS made an informal $5 billion bid for the cable network, the sources said. The news lands 12 days before a board meeting where it will review its options that is believed to include initiating merger discussions with Viacom Inc. Both companies are controlled by National Amusements, which is owned by the Redstone family.
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