Activist investor Anson takes stake in Lionsgate Studios, may push for sale, Bloomberg News reports

Activist investor Anson takes stake in Lionsgate Studios, may push for sale, Bloomberg News reports

-Activist investor Anson Funds Management has taken a stake in Lionsgate Studios and is urging the company to consider a range of options, including a potential sale, Bloomberg News reported on Tuesday, citing Sagar Gupta, the firm's head of activism.

Gupta said that the studio behind The Hunger Games and John Wick is undervalued and should consider options after it completes a separation from the Starz cable and streaming service, Bloomberg added. It also added that Lionsgate could consider potential divestitures, including its unscripted television and 3 Arts businesses, according to Anson Funds.

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