ICAHN LAUNCHES WEBSITE AIMED AT LIONS GATE SHAREHOLDERS

Perhaps sensing that his bid to take over Lions Gate Entertainment, the parent of Lionsgate Studios, has been greeted unenthusiastically by the news media, Carl Icahn has launched a website, www.SaveLionsGate.com, to present his case. It appears just one week before shareholders at their annual meeting are due to vote on a new board of […]

ICAHN MANEUVERS TO MERGE LIONSGATE, MGM

As part of an elaborate maneuver to push forward a merger between Lions Gate Entertainment and Metro Goldwyn Mayer, Carl Icahn, who is already Lions Gate’s largest shareholder, has offered to buy $963 million of MGM’s debt for $433 million, or 45 cents on the dollar. Icahn already owns $500 million of the studio’s $4-billion […]

LIONS GATE OPENING ITS GATE FOR LEO

The mating of the lions has begun again — this time in earnest, it would appear. Lions Gate Entertainment, which operates the Lionsgate “mini-major,” has formally proposed a merger with Metro-Goldwyn-Mayer, the home of Leo the Lion, under terms similar to those offered by Spyglass Entertainment — except in one important respect. Under each plan, […]