Advertisement
YOU ARE HERE: LAT HomeCollectionsInvestors

Business Briefing / Entertainment

Icahn raises stake in Lions Gate

February 19, 2009|Times Wire Reports

Billionaire Carl Icahn bought about 1.61 million shares of Lions Gate Entertainment Corp., increasing his stake in Hollywood's largest independent movie studio to 12%.

The purchase, reported in a regulatory filing, boosted Icahn's stake from about 11% reported on Feb. 10. Shares of Lions Gate, based in Vancouver, Canada, but run from Santa Monica, rose 29 cents, or 6.9%, to $4.48.

Icahn is increasing his ownership of Lions Gate, maker of the "Saw" horror films, as the studio's parent pares movie production to reduce costs.

Advertisement
Los Angeles Times Articles
|
|
|