Lionsgate Stock Surges on New Takeover Offer from Legendary Entertainment

• Lionsgate's stock surged more than 15% on a report of a takeover offer from Legendary Entertainment.
• Legendary Entertainment has been interested in acquiring Lionsgate for months, with reports of their interest dating back to June 2025.
• The takeover offer was reported by Bloomberg, causing Lionsgate's market cap to reach $3.6 billion.
• This is not the first time Lionsgate has been the subject of acquisition rumors, but it remains an M&A target.
• The report follows Lionsgate's split with Starz.