Lionsgate Closes Deal To Buy Starz

Lionsgate and Starz are now one: The studio just closed the $4.4 billion cash and stock deal, announced in June, to buy the No. 2 premium network company. "After planning the integration of Lionsgate and Starz for the past five months, we are more excited than ever at the value created by the combination of our two great companies," Lionsgate CEO Jon Feltheimer and Vice Chairman Michael Burns said in a joint statement.

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