Billionaire Carl Icahn offered to buy all the shares of Lionsgate today in a hostile takeover attempt that comes just as the studio bids to buy MGM. Icahn, who already owns 18.9 percent of the company, has been “a longtime critic of Lionsgate’s use of cash” and “has said the film company should allow its shareholders to approve such an acquisition before going forward,” according to the Wall Street Journal. Lionsgate rejected Icahn’s earlier attempt to buy a 30 percent stake in the company.
Mar 19
2010
12:00 PM ET
Icahn launches bid for all of Lionsgate
- Comments 1
- Add comment
Latest News
- 'American Idol': The top 24 are...
- 'Idol': Replay MJ Santilli's top 24 chat
- Abby Elliott eyes Fox comedy pilot
- 'Survivor': Nina talks 'vapid' Kat
- 'Good Deeds' vs. 'Act of Valor' at box office
- 'John Carter': Taylor Kitsch's short hair?!
- Stevie Nicks to guest on 'Up All Night'
- Billy Crystal talks Oscars: See EW cover
Most Commented
- Chris Harrison blogs 'The Bachelor' episode 8 693
- Miranda Lambert tells Chris Brown to 'take notes' during 'Gunpowder and Lead' performance 616
- Father Knows Best? 608
- Amanda Knox signs a massive book deal with HarperCollins 596
- Rihanna and Chris Brown release simultaneous remixes, guest on each others' new tracks 460
Do you know how many companies Icann has run into the ground or bankruptcy? His critism of thier use of cash is that not all of it is coming to himself.