Wall Street has voted on Lionsgate’s $4.4 billion agreement to acquire Starz and here’s the verdict: Liberty Media’s John Malone won. Shares of Starz,which he controls, are up 5.5% since just before yesterdays announcement, and while Lionsgate’s down 5%.
To be certain,this is a familiar sample in acquisitions. Sellers benefit from the certainty of a payout. Buyers often take a hit as investors question whether the bet will pay off.
Yet Starz owners are especially relieved by…
Source: deadline.com