00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Lionsgate Studios is exploring a sale after attracting takeover interest from France's
00:07Bellore Group amid growing media industry consolidation, according to Reuters.
00:12The company is valued at about $3.8 billion and is working with an investment bank to review
00:18takeover approaches. A transaction is not certain, and Lionsgate could remain independent.
00:25Banajay Group is among the companies considering a bid for Lionsgate Studios,
00:28A potential offer could be delayed while Banajay integrates all three media.
00:33Bellore is seeking to expand the production capabilities of Canal+,
00:36while Banajay remains focused on integrating all three media.
00:40Lionsgate and Banajay declined to comment, while Bellore did not yet respond.
00:45Lionsgate shares rose as much as 9% in after-hours trading following the report.
00:50Sources said shareholder valuation expectations could complicate negotiations after previous
00:56interested parties withdrew over price concerns.
00:59For all things money, visit Benzinga.com.
Comments