Lionsgate to acquire Starz for 4.4 billion in cash and stock
Lionsgate agrees to buy premium network Starz for 32.70 per share in a 4.4 billion cash and stock deal. The move, backed by John Malone linked media ties, aims to diversify Lionsgate and boost content production while confronting online viewing shifts and premium cable challenges.
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Hershey Rejects Mondelez $23 Billion Takeover Bid
Hershey board unanimously spurned Mondelez International’s cash and stock offer valuing the company at about $23 billion. The rejection follows input from management and advisers as Mondelez sought to vault past Mars as the top global confectioner and shift headquarters to Hershey Pennsylvania.
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