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Lionsgate Surges 14% on Takeover Buzz — Then Netflix and Fox Both Say No
Lionsgate Studios (LION) jumped nearly 14% on June 16 after rumors swirled that it could be a takeover target. Netflix and Fox have since denied any acquisition plans.
News
Lionsgate Studios (LION) jumped nearly 14% on June 16 after rumors swirled that it could be a takeover target. Netflix and Fox have since denied any acquisition plans.
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Fox beat out Netflix in the race for Roku at roughly $160 a share — a ~$22B deal — leaving NFLX down 3.61% on Tuesday. The same day, Netflix also denied rumors it was pursuing Lionsgate.