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dDT

10/24/14 7:12 AM

#549555 RE: dDT #549554

BABA Report: Alibaba considering buying 37% stake in Lion's Gate

Alibaba (NYSE:BABA) is considering scooping up MHR Fund Management's 37.4% stake in Lion's Gate (NYSE:LGF), according to the New York Post.
The stake is worth close to $1.6B at LGF's current share price.
Previous: LGF moves higher after Jack Ma sets a meeting.
LGF +2.7% premarket to $32.30.