Published On: Wed, Nov 11th, 2015

Discovery Communications takes a piece of TV studio Lionsgate for $195 million

lionsgate Premiere of Lionsgate Films' "Warrior" - Red Carpet

Fueling rumors that Lionsgate will merge with Starz, the Santa Monica, California, studio has sold 3.4 percent stakes to Silver Spring-based Discovery Communications and Liberty Global. Each company will purchase 5.0 million common shares for approximately $195 million.

 

Read the full story at Biz Journals, by Annlee Ellingson

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Lionsgate (NYSE: LGF), the Canadian-American entertainment company, said today that its Board of Directors has increased the Company’s quarterly cash dividend from seven cents ($0.07) per common More…

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