Mark Cuban likely to sell his Lions Gate shares

Media mogul and Dallas Mavericks owner Mark Cuban told the CNBC show Strategy Session on Thursday that he’d likely tender his shares of Lions Gate Entertainment to the American activist investor Carl Icahn, the Los Angeles Times reports. Cuban owns 5.3 percent of Lions Gate stock, while Icahn currently owns nearly 19 percent. If Cuban decides to sell his stake to Icahn, the investor would become the movie studio’s largest shareholder, and would therefore increase his chances of taking control of the company. Lions Gate puts out about 20-30 films per year, including the Saw series.

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  • kyle

    I didnt even know that Lionsgate opened that many movies!!!

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