Lionsgate Stock Surges as Netflix Takeover Talk Puts LION Back in Deal Spotlight
Lionsgate Studios Corp. stock rose sharply Tuesday as investors reacted to fresh takeover speculation around the film and television studio. LION recently traded at $16.35, up $1.98, with an intraday range of $14.33 to $16.69 and volume above 11.8 million shares, according to live market data. Investor’s Business Daily reported that Semafor said Netflix is interested in buying Lionsgate and that several media companies are showing interest in the studio.
