Legendary Entertainment has reportedly submitted a US$3.5 billion offer — including the assumption of US$1.9 billion in debt — to acquire Lionsgate Studios, according to Bloomberg.
Legendary, co-owned by private equity giant Apollo Global Management, is behind film franchises such as Dune, Godzilla and A Minecraft Movie, as well as television titles including Monarch: Legacy of Monsters. Lionsgate’s assets include franchises such as John Wick, The Hunger Games and Twilight, alongside television productions including The Rookie and Ghosts. It also owns a library of more than 20,000 film and television titles.
Lionsgate shares rose 15 percent following the report, reflecting investor interest in the potential deal.
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