Keeping aside their differences, Lions Gate Entertainment and Carl Ichan, have decided to work together. Carl is the largest shareholder is the entertainment company and the two parties have joined hands to be able to look into certain opportunities starting July 9 and ending on July 19. As per the regulatory filing, Lions Gate has said that because of the agreement, Lions will refrain itself from issuing shares to the excess of 5 per cent of its share capital.

Billionaire Investor Carl Icahn has offered to buy remaining shares in studio company Lions Gate Entertainment Corp., which is currently under a move to participate in the final bidding process for the owners of James Bond film franchise, Metro-Goldwyn-Mayer Inc.

The offer surfaced after Lions Gate asked its shareholders to reject an open tender offered by Icahn to raise its stake in the company 18.9 per cent at present to 30 per cent. He had offered $6 per share. As per the company, the price was inadequate and coercive.