Liongate Stock Jumps On Report Of Takeover Offer By Legendary

Skip to main content Shutterstock Shares of Lionsgate surged more than 15% in afternoon trade on a report the company had received a takeover offer from Legendary Entertainment, which has been kicking the tires of the standalone studio for months. Deadline reported Legendary’s interest in June of 2025 after Lionsgate Studios split with Starz. In a report today, Bloomberg said talks between the two had revived and Legendary, led by chief executive Josh Grode, which is owned by private equity giant Apollo and management, had submitted a bid. A combination would give Legendary Pictures a theatrical distribution arm (it currently releases films with Skydance’s Paramount, with Street Fighter opening atop the box office this past weekend) as well as Lionsgate’s extensive and cash-generating library. Watch on Deadline Lionsgate, led by CEO Jon Feltheimer, has been a potential target for years but shares have been boosted sharply by takeover speculation amid rapid industry consolidation. After today’s runup, the stock is trading at over $12, about double its 52-week high. Lionsgate declined to comment. More to come Must Read Stories Read More About: Subscribe to Deadline Get our Breaking News Alerts and Keep your inbox happy. Sign Up Newswire Site