Deals
CBS Is Said to Have Talked to Lions Gate About Buying Starz
- Such a deal may complement a CBS acquisition of Viacom
- Starz has become prized asset for struggling Lions Gate studio
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Source: Lionsgate
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CBS Corp.’s seemingly inexorable march toward acquiring Viacom Inc. may take a detour.
The broadcasting giant recently talked to Lions Gate Entertainment Corp. about buying that company’s Starz cable network, according to people familiar with the matter, a deal that could happen alongside a potential purchase of Viacom. CBS made an informal bid of about $5 billion that was rebuffed, the Information reported, but the suitor remains interested.