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Lionsgate Studios To Launch Tomorrow, May 14, As Standalone Publicly-Traded Company; Single Class Of Stock To Begin Trading On NASDAQ Under Ticker Symbol 'LION'

Benzinga ·  May 14 05:45

The transaction, which raised $350 million in proceeds from a group of leading investors, was enabled by a business combination with Screaming Eagle Acquisition, whose shareholders approved the deal at an extraordinary general meeting on May 7, 2024.

The transaction is a major step in executing Lionsgate's plan to fully separate its Studio and STARZ businesses. It values Lionsgate Studios at an enterprise value of $4.6 billion.

The Company noted that it continues to anticipate that the full separation will occur by the end of calendar 2024.

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