Deals·October 20, 2026 at 12:39 PM EDT·3 sources
Legendary Revives Lionsgate Takeover Talks, Submits Offer
LION -1.7%
LION · last 30 trading days+17.6% since the news
News
acquisition, log scale$3.5B
$100M$1B$10B$100B
EV / EBITDA23.2x
0x30x
What happened
- Legendary Entertainment revived talks and submitted a takeover offer for Lionsgate Studios, according to Bloomberg and Variety.
- The offer values Lionsgate at $3.5 billion, Variety reported.
- Lionsgate shares rose more than 15% after reports of the offer, according to Variety and Deadline.
Offer valuation
$3.5 billion
Lionsgate share move
more than 15%
Why it matters
The reported bid reopens a potential media-sector M&A process and could affect Lionsgate’s valuation, financing needs and strategic alternatives.
What to watch. Watch for Lionsgate’s response and whether Legendary’s reported offer advances into a formal transaction.
Deal terms
acquisition
Legendary Entertainment → Lionsgate Studios Corp.
Value
$3.5B
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Timeline
- First reported by BloombergOct 20Legendary Revives Lionsgate Takeover Talks, Submits Offer
- Variety reportsOct 20Lionsgate Stock Jumps on Report Legendary Entertainment Has Submitted New $3.5 Billion Takeover Offer
- Deadline reportsOct 20Liongate Stock Jumps On Report Of Takeover Offer By Legendary
Who is involved
acquiringLegendary Revives Lionsgate Takeover Talks, Submits OfferLionsgate Studios Corp.LION · targetLegendary Entertainmentbuyer
CompanyThe deal
Sources (3)
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