Lionsgate to List Studios Business in $4.6 Billion SPAC Deal (2)

Lions Gate Entertainment Corp. is merging its studio business with a blank-check company that will trade on the Nasdaq stock exchange in a deal that values the business at $4.6 billion, including debt.

The acquisition by Screaming Eagle Acquisition Corp., a special purpose acquisition company, will create Lionsgate Studios, a content provider with a deep portfolio of franchise properties including the The Hunger Games, John Wick and The Twilight Saga, the company said in a statement Friday. The transaction doesn’t include the Starz platform, which will continue to be wholly owned by Lionsgate.

The separation from the parent entity concludes ...