Legendary Entertainment Makes Takeover Offer for Lionsgate
Lionsgate shares rose more than 15% on Tuesday after Bloomberg reported the offer, which did not specify a price. Both companies declined to comment.
Legendary Entertainment has submitted a takeover offer for Lionsgate, according to a Bloomberg report citing anonymous sources. The report did not state the price of the proposal.
Lionsgate shares rose more than 15% on Tuesday following the report. Representatives for Legendary and Lionsgate both declined to comment.
A merger with Lionsgate could allow Legendary to distribute its own films. Banijay and Mediawan have also expressed interest in Lionsgate but have not submitted formal takeover offers.
Previous interest in the studio
Legendary, the production company behind the Dune franchise and A Minecraft Movie, eyed a deal to acquire Lionsgate last year, and after the split-off of Starz it reached out about a potential partnership with Lionsgate Studios. Lionsgate Studios formally separated from the Starz business in May 2025 and comprises TV and film production and distribution divisions along with a content library of more than 20,000 titles.
In 2024, Legendary bought out the stake in the company held by Chinese conglomerate Dalian Wanda Group. Apollo Global Management acquired a stake in Legendary in 2022 for $760 million.
Quick answers
Did Legendary Entertainment make an offer for Lionsgate?
Yes. According to a Bloomberg report citing anonymous sources, Legendary Entertainment has submitted a takeover offer for Lionsgate. The price was not disclosed.
How did Lionsgate shares react?
Lionsgate shares rose more than 15% on Tuesday after the report was published.
Have other companies shown interest in Lionsgate?
Banijay and Mediawan have expressed interest in Lionsgate but have not submitted formal takeover offers.