Lions Gate Entertainment Corp. (NYSE: LGF), the studio that produced “The Hunger Games” and “Mad Men,” agreed to buy billionaire John Malone’s Starz in a deal valued at $4.4 billion, gaining premium cable TV channels to operate alongside its film and television production businesses.

Starz Series A stock holders will get $18 in cash and 0.6784 a share of Lionsgate non-voting stock. The offer is valued at $32.73 a share to Starz shareholders, an 18 premium to Starz’s 20-trading day average price as of June 28, according to a statement Thursday. Holders of each share of Starz Series B stock will receive $7.26 in cash and 0.6321 of a share of Lionsgate voting stock and 0.6321 of a share of Lionsgate non-voting stock.

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