Netflix Denies Pursuing Lionsgate After Acquisition-Talk Report
Reports that Netflix was in talks to acquire Lionsgate were later rejected by the company, with a representative saying Netflix is not interested in and is not pursuing the studio. Earlier in the day, reports had pointed to Netflix not denying the possibility of talks.
The chatter came after Netflix held talks with Roku during Roku's sale process but ultimately did not submit a bid, shifting deal attention to Lionsgate. Netflix shares were down about 3.5% earlier in the session amid the M&A speculation.
From the sources (6 posts)
@stocksavvyshay$NFLX held talks with $ROKU during Roku’s sale process but ultimately walked away and confirmed it didn't submit a bid. Now the M&A focus has shifted to $LION with Netflix not denying reports that its in talks to acquire the studio. ht
@kalshiJUST IN: Netflix in talks to acquire Lionsgate
@vestexchangeRumors of M&A are in focus for $NFLX today, with the stock down ~3.5% amid reports of a lost Roku bid and fresh Lionsgate deal chatter. Debate now centers on $NFLX capital discipline versus organic growth, while bulls point to the iHeartMe
@polymarketmoneyNEW IN: Netflix in talks to acquire Lionsgate.
@stockmktnewzNetflix $NFLX is not denying that it is in talks to acquire Lionsgate - Semafor
@whatonnetflixUPDATE: Earlier today, we covered a report that stated Netflix is potentially eyeing an acquisition of Lionsgate. A representative for Netflix has reached out to shoot down that report, saying the company is not interested and is not purs