Does Alibaba Plan To Take Control Of Lionsgate?
Lionsgate shares rose 5.3% to $33.00 today after The New York Post reported that the Chinese e-retail giant is eager to buy Mark Rachesky's 37.4% stake in the independent studio. Although Lionsgate isn't commenting, there's enough in the wind to make the scenario plausible. Alibaba is flush with cash after its record-setting $25B IPO last month — and founder Jack Ma will be in Hollywood next week to talk with different studios. He already knows Lionsgate: Alibaba… Read