Lionsgate's takeover buzz fades after Netflix denial, but new interest emerges
Netflix denies acquisition interest Netflix publicly denied any interest in buying Lionsgate, wiping out a 14% rally and sending shares down about 6%. The takeover premium that had built up quickly disappeared, leaving the stock lower than before the rumor.
This is the main reason the stock moved down this period, directly reversing earlier gains.
Analysts still see Lionsgate as a takeover target After Fox agreed to buy Roku, Seeking Alpha analysts named Lionsgate a likely next target, citing more demand than supply for its assets. Even without Netflix, other buyers like Comcast, Paramount, or Disney could step in, keeping takeover hopes alive.
This new speculation provides a fresh positive catalyst after the Netflix denial.