Icahn: Lions Gate Must Be ‘Cleaned Up’ Before MGM Deal

Billionaire Carl Icahn, an investor in two Hollywood studios, said Lions Gate Entertainment Corp. (LGF) must be “cleaned up” before any merger with bankrupt Metro- Goldwyn-Mayer Inc. MGM creditors “don’t want to do a deal with Lions Gate management,” citing steps the executives have taken “to entrench themselves,” Icahn said today in an interview. – Bloomberg