Netflix Denies Interest in Acquiring Lionsgate Amid Merger Speculation
Lionsgate's shares experienced a 14% surge on Tuesday due to rumors of a potential merger, only to decline in after-hours trading. This fluctuation followed a statement from Netflix, which explicitly denied any interest in acquiring the standalone studio. A Netflix spokesperson clarified that the company is "not interested and is not pursuing Lionsgate."
Shares of Lionsgate saw a notable increase of 14% on Tuesday, driven by widespread chatter regarding a potential merger. However, the stock later fell during after-hours trading as Netflix addressed the speculation.
A spokesperson for Netflix issued a clear statement, confirming that the streaming giant is "not interested and is not pursuing Lionsgate." This declaration aimed to quash rumors that Netflix was eyeing an acquisition of the independent studio.
The market activity and subsequent denial come after Lionsgate Studios completed its separation from Starz in May 2025. This move positioned both companies as distinct entities in the entertainment landscape.
(Source: Deadline Hollywood)
