![Legendary Circling Bid To Acquire Lionsgate [Report]](/cdn-cgi/image/onerror=redirect,width=640,height=640,format=webp/https://storage.googleapis.com/uploads.mongoosehq.com/url/media/191052976/5940fba0a474262963901e89d3fe85905e6bcc350dce485aec41d59edffd05be)
Overview
- Legendary submitted a takeover offer for Lionsgate, Reuters and industry outlets reported on Tuesday after the two companies revived talks that began in July 2025.
- Bloomberg sources cited by multiple outlets said the bid values Lionsgate at about $3.5 billion including roughly $1.9 billion of debt.
- News of the offer sent Lionsgate shares up more than 15% in trading, reflecting investor bets the company could be bought; Lionsgate’s market capitalization sits near $3.6 billion.
- Both Legendary and Lionsgate declined to comment and key details come from anonymous sources, so the offer remains unconfirmed and its path to completion is unclear.
- The proposal would give Legendary control of major franchises and a 20,000-title library, a change that could let the buyer self-distribute releases, reshape licensing revenue, and intensify pressure from activist investor Anson Funds and other potential suitors as Lionsgate prepares to report quarterly results on Nov. 5.