Lionsgate Studios, valued at $3.8 billion, has attracted takeover interest from European powerhouses Banijay and Mediawan.

Lionsgate Studios Corp. (NYSE: LION) shares surge as acquisition interest from Bollore Group and Banijay surfaces amid accelerating media industry consolidation.

Lionsgate Studios, valued at $3.8 billion, has attracted takeover interest from European powerhouses Banijay and Mediawan.