|
Starz's shares rose 8 percent to $41.89 in extended trading.
The company had a market value of about $4 billion as of Tuesday
close.
AMC's spokeswoman Georgia Juvelis said the company does not
comment on rumors. A Starz spokesperson also said the company
does not comment on rumors or speculation.
There have been media reports since 2014 that Starz was in talks
to be bought out. Other potential acquirers included
Twenty-First Century Fox and CBS Corp.
Starz ended talks for a buyout last year with potential buyers,
including AMC, due to differences over valuation, Bloomberg
reported in December.
Malone is the largest individual investor in Starz, which makes
TV shows such as "Outlander" and "Da Vinci's Demons". The
company was spun off from Malone's Liberty Media Corp.
Shares of AMC, known for shows such as "The Walking Dead", were
slightly up at $74.44 in extended trading after closing 2.4
percent higher in regular trade.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
Sriraj Kalluvila)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
|
|
