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.