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Hack uncovers Lions Gate, Sony merger talks

Dec. 17, 2014 3:23 AM ETLions Gate Entertainment Corp. (LGF.A) StockLGF.A, SONYBy: Yoel Minkoff, SA News Editor
  • Newly leaked emails reveal that Lions Gate (LGF) execs tried to meet with Sony (NYSE:SNE) CEO Kazuo Hirai last summer to discuss a possible merger or acquisition.
  • Hirai eventually declined a meeting although he expressed interest in possible cooperation on operational matters, Reuters reports.
  • Meanwhile, Sony is facing an ugly dilemma of whether to cave into hacker demands and pull The Interview from theaters, or to forge ahead, risking possible violence and potential legal liability. It has told theaters they can decide.

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