Lionsgate to buy Starz in US$4.4-billion friendly takeover deal

SANTA MONICA, Calif. – There’s a US$4.4-billion entertainment deal in the works, as Lionsgate seeks to buy Starz through a friendly deal.

Lionsgate is a California-based company with a diverse business that includes motion picture production, TV programming and syndication and international distribution.

Lionsgate’s films include the “Hunger Games” franchise.

Starz has premium subscription video programming on U.S. pay television networks and a global content distribution business.

They say the combined company would have a 16,000 title library, one of the largest in the world.

Shareholders of Starz would receive US$32.73 per share in a combination of cash and Lionsgate stock.