Story
Lionsgate Shares Jump on Report of Takeover Interest from European Firms
Lionsgate Studios shares climbed as much as 10% in after-hours trading Tuesday following a report that the entertainment company is exploring a potential sale after receiving takeover interest.
European Suitors Identified
According to a Reuters report, France’s Bollore Group is among the potential buyers that have shown interest in acquiring the studio. Bollore, which holds a controlling interest in pay-TV company Canal+, is reportedly looking to expand its production capabilities.
Television production firm Banijay Group was also named as another party that has considered a bid. Banijay, known for producing shows like "Big Brother" and "Survivor," recently completed a merger with All3Media, and the report noted that the ongoing integration of that company could delay any potential offer for Lionsgate.
AdMarket Impact and Context
Lionsgate Studios, the company behind major film franchises such as "The Hunger Games" and "John Wick," has a market valuation of approximately $3.8 billion. The report stated that the company is working with an investment bank to help evaluate the inbound approaches.
Sources cited in the report cautioned that discussions are preliminary and a deal is not guaranteed. Lionsgate could ultimately decide to remain an independent company.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.
Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.
Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.
DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.