Starz Falls As CNBC's David Faber Says CBS Has No Interest

Shares of Starz STRZA fell Thursday morning amid CNBC’s David Faber reporting that CBS had no interest in acquiring the company.

Sources say CBS won't buy Starz, @CNBC's @DavidFaber reports.

— CNBC Now (@CNBCnow) December 4, 2014

The company has been looking for a buyer and was seeking approximately $5 billion according to reports.

Starz was trading at $31.66, down 4.5 percent.