The Lions Gate board felt the offer undervalued Starz, which hasU.S. subscribers. Starz competes with premium channels HBO and Showtime on traditional TV and has a standalone streaming app, Starz Go.
Still, executives at Lions Gate believe the company fits well within CBS and are open to the idea of selling to CBS or a combined CBS-Viacom at a higher price, said the person, who asked not to be named because the discussions are private. CBS isn't interested in buying the entirety of Lions Gate, the person said.
A deal for Starz doesn't preclude CBS from moving forward with a merger with Viacom, another person said. CBS and Viacom are slowly moving closer to a deal and negotiations over price could start as soon as next month, a third person said. A CBS spokesman declined to comment. CBS and Viacom are actively looking for scale to better compete with behemoths Netflix, Amazon, Comcast, Disney and AT&T's WarnerMedia. Buying Starz would add high profile shows like "Power," "American Gods" and "Outlander" to CBS's entertainment library as well as provide the company with greater access to international content viewers. Viacom would give CBS added scale with networks such as MTV, Nickelodeon and Comedy Central.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lionsgate shares soar on report that CBS wants to buy Starz for about $5 billionShares of Lionsgate were halted due to volatility on Friday afternoon after rumors that CBS had made an informal offer to buy Starz from the media company spiked the stock nearly 15 percent.
Source: CNBC - 🏆 12. / 72 Read more »
Apple just launched its first big push into subscription TVApple launched updates to iPhones, iPads and the Apple TV that let you subscribe to channels such as HBO, Showtime and Starz. Nothing new to see here. Apple have come too late to the party in an already crowded market. I'll give this venture 2 years.
Source: CNBC - 🏆 12. / 72 Read more »
Rat poison is killing California's mountain lions. We need to actOp-Ed: The Dept. of Fish and Wildlife found that 63 out of 68 dead mountain lions had second-generation poisons in their systems. The tally of poisoned wildlife includes eagles, great-horned owls, coyotes, bobcats and the endangered San Joaquin kit fox. Notre Dame goes up in flames, and it's appalling. it's been there for 800 years. it should stay. being Catholic or French is beside the point. it's a human heritage. and yet, we have this, and people seem cool with it. we can't keep living things alive. If rat poison is killing wildlife, why are there so many Democrats in California? We need to do something about human population growth and stop putting pressure on their habitats. I can't believe you leftists who cry about the environment and the plight of animals and then you champion illegal immigration. More people means less habitat/animals/water.
Source: latimes - 🏆 11. / 82 Read more »
Football: Galatasaray beat Akhisarspor to win Turkish CupGalatasaray, the Lions, defeat 2018 Turkish Cup winners 3-1 in 4 Eylul Stadium in central Anatolian Sivas province. Tebrikler! yea! they got the title with refere’s help as always!
Source: trtworld - 🏆 101. / 63 Read more »
Lionsgate shares soar on report that CBS wants to buy Starz for about $5 billionShares of Lionsgate were halted due to volatility on Friday afternoon after rumors that CBS had made an informal offer to buy Starz from the media company spiked the stock nearly 15 percent.
Source: CNBC - 🏆 12. / 72 Read more »
Two Florida men convicted for shooting man dead over $5 necklace in restaurant parking lotDylan Marquis Ledbetter, 25, and Demarious Kevauh Greene, 23, were charged on Thursday after they shot dead a man and injured a woman over a $5 necklace. FloridaMan Holy Hell. ANIMALS CAN DO THAT BUT HUMAN CAN'T.🧐 They should be shot dead over a 1$ bullet
Source: Newsweek - 🏆 468. / 52 Read more »
Distant object at edge of Solar System is an ancient fragment from 4.5 billion years agoThe unassuming, 20-mile-long object, which looks like a snowman that's been flattened like a pancake, is informally known as 'Ultima Thule.'
Source: USATODAY - 🏆 100. / 63 Read more »
Exclusive: Turkey plans to tap 40 billion lira from central bank reserves - sourcesTurkey's Treasury ministry is working on legislation to transfer the centra... pmullr This is why bitcoin rules bitcoin Downfall...
Source: Reuters - 🏆 2. / 97 Read more »
Trump administration to delay auto tariffs by up to six months: SourcesThe White House faces a May 18 deadline to decide whether to slap duties on car imports from Europe. this means less jobs will be moved from overseas to USA .. americans were told to use tariffs to get the auto making jobs back.. but the POTUS tariffs plastic made $1 items not the cars from the EU (May 17th deadline).. another Broken Promise so vote for JoeBiden
Source: YahooNews - 🏆 380. / 59 Read more »
Trump administration to delay auto tariffs by up to six months: SourcesThe White House faces a May 18 deadline to decide whether to slap duties on car imports from Europe. They have no plan. BillionDollarLoser THE CHICKENS HAVE COME HOME TO ROOST, ALL THE AMERICAN COMPANYS MOVED ALL THEIR FACTORYS TO CHINA FOR THE CHEAP SLAVE LABOR, NOW THEY PISS AN MOAN.!! CHINA WILL ONE DAY TAKE THEM ALL OVER, THEY WILL BE CHINA'S COMPANYS.!! LEAVE AMERICA WITH NO MANUFACTURING BASE.!! GREEDY SOB'S Trump made so many errors now is trying to fix them. Too late
Source: CNBC - 🏆 12. / 72 Read more »
White House asked McGahn to say Trump didn't obstruct justice, but McGahn declined, source saysThe White House requested that former White House counsel Don McGahn publicly state that President Trump didn't obstruct justice, but McGahn declined, an administration official tells CNN It's FAKE NEWS FRIDAY. If Mueller and 17 Dem attorneys can say it, why should Trumps staffer? More bullshit from cnn
Source: CNN - 🏆 4. / 95 Read more »