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Lions Gate Entertainment Corp. has sought $5.5 billion from CBS Corp. for the purchase of the Starz (US) network, Reuters reported May 17, citing two sources with knowledge of the matter.
Lions Gate made the counteroffer after CBS Corp.'s interim CEO Joe Ianniello made an informal offer of about $5 billion for Starz.
Lions Gate bought the Starz media and entertainment company in 2016.