Monday, December 16, 2019

ICAHN’S LIONSGATE EXODUS COST HIM MORE THAN $500 MILLION

January 3, 2013 by · Leave a Comment 

It may go down as corporate raider Carl Icahn’s biggest miscalculation: his decision in 2011 to sell his 33-percent stake in Lionsgate at $7.00 a share after his failed takeover attempt. On Wednesday Lionsgate shares hit an all-time high of $16.88 on the NYSE, at one point hitting $17.08. The 3-percent gain came after B. […]

NETFLIX IN TURMOIL

September 16, 2011 by · Leave a Comment 

CBS chief Les Moonves is apparently unconcerned about the possibility that Netflix will become a major competitor, drawing away millions of TV viewers and using the networks’ own product to do so. “We root for them so they can buy our content,” he told an audience at the Paley Center for Media in Beverly Hills […]

LIONS GATE STOCK SINKS

July 16, 2010 by · Leave a Comment 

It is often the case when word gets out that one media company is considering the acquisition of another, the buyer’s stock takes a hit. Such is certainly the current case with Lions Gate Entertainment, which reportedly is in talks to buy MGM. Lions Gate stock dropped 4 percent to $6.36 on Thursday, its lowest […]