May 17, 2019 / 6:11 PM / 2 months ago

CBS made informal offer to buy Starz - The Information

May 17 (Reuters) - CBS Corp has expressed interest in acquiring cable channel Starz from Lions Gate Entertainment , the Information reported here on Friday, citing four people familiar with the situation.

CBS has been looking at the deal as a possible complement to Viacom Inc, which CBS also is considering purchasing, the report said.

Shares of Lions Gate rose nearly 13% on the report.

CBS and Lions Gate did not immediately respond to a Reuters request for comment. (Reporting by Arjun Panchadar in Bengaluru)

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