NY Post Reports Alibaba's Ma Seeking 37% Stake in Lionsgate

Alibaba Group Holding Limited

CEO Jack Ma has his sites set on Mark Rachesky's 37.4% stake in Lions Gate Entertainment Corp.

, according to the

. Rachesky's stake is valued at $1.6 billion based on the current share price. Rachesky acquired much of Carl Icahn's stake in Lionsgate for $7 a share. Lionsgate shares closed Thursday at $31.35, a gain of more than 3%. View full article http://nypost.com/2014/10/24/alibaba-hankers-for-a-37-percent-stake-in-lionsgate/