# Lionsgate Stock Jumps on Legendary Takeover Offer

> Legendary Entertainment submits new takeover bid for Lionsgate, sparking 15% stock surge.
- Title: Lionsgate Stock Jumps on Legendary Takeover Offer · Variety
- Summary: Legendary Entertainment submits new takeover bid for Lionsgate, sparking 15% stock surge. Legendary Entertainment submitted a takeover offer for Lionsgate…
- Keywords: lionsgate, legendary entertainment, takeover offer, stock market, bloomberg report, market cap, entertainment, culture, Stock, Jumps, Legendary, Takeover
- Source: Variety — https://variety.com/2026/film/news/lionsgate-stock-legendary-entertainment-acquisition-offer-1236917824
- Author: Todd Spangler
- Published: 2026-10-20T18:10:08+00:00
- Read time: 1 min
- Topics: lionsgate, legendary entertainment, takeover offer, stock market, bloomberg report, market cap, entertainment, culture
## Lionsgate Stock Reaction
Shares of Lionsgate jumped over 15% Tuesday, pushing market cap to $3.6 billion.
## Legendary's Takeover Bid
Legendary Entertainment submitted a new takeover offer for Lionsgate, per Bloomberg report.
## Acquisition Details
The merger could allow Legendary to self-distribute its films.
## Key takeaway

Legendary Entertainment submitted a takeover offer for Lionsgate, causing shares to jump 15% and reach $3.6 billion market cap.