Lionsgate Vice Chairman Michael Burns hinted at a potential deal — nothing specific- — as media M&A heats up with the indie studio a prime target.
Wall Streeters have called it both desirable and easily digestible in terms of cost for a bigger player.But asked outright about the company as a takeout target, he was coy: “We do expect to see more consolidation in the media space.
That’s a given. And we are obviously one of the last remaining very large companies. And there is great scarcity value out there.
What we are going to do is to explore ways to increase the value of our stock price,” Burns told the virtual Goldman Sachs Communacopia media conference Tuesday.The stock was trending down today at about $13.
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