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Reading: Roku and Apollo Global Team Up to Bid for Stake in Cable Channel Starz
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The Wall Street Publication > Blog > Tech > Roku and Apollo Global Team Up to Bid for Stake in Cable Channel Starz
Tech

Roku and Apollo Global Team Up to Bid for Stake in Cable Channel Starz

Editorial Board Published May 3, 2022
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Roku and Apollo Global Team Up to Bid for Stake in Cable Channel Starz
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Roku has teamed with private-equity firm Apollo Global Management to bid for a minority stake in the pay-TV and streaming service Starz, which is known for series like “Outlander” and “Power,” according to people familiar with the situation.

In November, movie and television production company Lions Gate Entertainment Corp. said it was considering selling or spinning off Starz. Lions Gate acquired Starz for $4.4 billion in 2016, but has struggled to fulfill the promise of the deal, with the combined company now valued at around $3 billion.

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