Deals
If Amazon Wants to Buy Lions Gate, the Price Tag Is Going Up
- Investor said last week that e-commerce giant could be suitor
- Analyst says takeover at 30% premium is good starting point
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Lions Gate Entertainment Corp. investors, betting that Amazon.com Inc. could be an acquirer of the film and TV studio, have made it an increasingly expensive target.
The company’s market value has risen by more than $400 million in the last three trading sessions, fueled by takeover speculation. The shares rose 3.8 percent on Tuesday, extending a more than 9 percent gain since Bloomberg reported last week that a top investor sees Amazon as a possible suitor.