According to an article in BusinessWeek published yesterday Lions Gate Entertainment Corp has held merger talks with troubled studio MGM. The article states:
“No offer has been made, and Vancouver-based Lions Gate won’t be able to move ahead without backing from Icahn, the largest investor with a 32 percent stake, said the person, who requested anonymity because the discussions aren’t public.”
The article goes on to say that neither party was available for comment.
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