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Lions Gate completes purchase of Englewood-based Starz

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Posted at 8:24 AM, Dec 09, 2016
and last updated 2016-12-09 10:24:14-05

DENVER -- Film and TV studio Lions Gate announced Friday that it has completed the purchase of cable channel Starz in a deal worth $4.4 billion.

Lions Gate is the company behind "The Hunger Games" movies and the "Orange Is The New Black" TV series. Englewood-based Starz runs its namesake cable channels. Together, Lions Gate says it will tap its library of movies and TV shows and air them through Starz's channels.

Santa Monica, California-based Lions Gate will pay holders of Starz Series A stock $18 in cash and 0.6784 of a Lions Gate share. Starz Series B stockholders will receive $7.26 in cash and 1.2642 of Lions Gate stock.

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