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Over the past year, artificial intelligence news has dominated the entertainment sector. However, traditional media assets are now attracting increasing interest among strategic acquirers. This can be seen Friday after the rumors emerged that Lionsgate Studios (LION) had attracted takeover interests from numerous parties, causing its stock prices to shoot up.
As per reports, Bolloré Group of France showed an interest in acquiring the studio. Moreover, Banijay Group is also exploring the possibility of making an offer. LIONSgate reportedly has an investment bank advising it on the possibilities of strategic alternatives, but it is not yet sure whether there will be a deal as Lionsgate might end up staying independent. These rumors come just a few weeks after Lionsgate posted its best profit in over a decade, meaning that improved performance might now attract strategic buyers.
