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 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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