Here’s still more evidence that Carl Icahn is getting out of Lionsgate’s hair. The studio’s stock price spiked after the market closed Wednesday when a big block of 3 million shares traded. I’m told the block was Icahn’s, and the sale now takes him down from 3.1% to just 1% ownership of the movie and TV company. The transaction followed Lionsgate’s recent truce with Icahn: it involved a secondary offering for 19.2M of his shares, which brought his control of the studio from 33% down to 3.1%. Today reduces that further still. Maybe now I can retire this photo, huh?
Carl Icahn Sells Block Of Lionsgate Stock
What's Hot on Deadline
'Terminator', 'Mission: Impossible' Each Cruise Past $300M; 'Compton' Tops In UK, Germany - Intl Box Office Update