Viacom Becomes Frontrunner for Miramax Stake, Lionsgate Exits Bidding

Viacom has become the frontrunner to buy a stake in Miramax Films while Lionsgate has dropped out of the process, informed sources said Wednesday. The developments were first reported by Bloomberg, which said talks are ongoing about a possible deal for…

Viacom has become the frontrunner to buy a stake in Miramax Films while Lionsgate has dropped out of the process, informed sources said Wednesday. The developments were first reported by Bloomberg, which said talks are ongoing about a possible deal for at least $100 million. The companies did not respond to requests for comment. Such […]