M&A Talk Boosts Shares of Starz Higher

Shares of Starz

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(NASDAQ: STRZA) traded higher on Monday morning after reports surfaced over the weekend that the company is considering a sale of itself.The New York Post

reported Friday evening that Starz is seeking around $5 billion in a potential sale of itself and the company has drawn interest from CBS (NYSE: CBS) as well as Lionsgate. (NYSE: LGF)Shares of Starz were trading Monday morning with a valuation just above $3.0 billion.The New York Post stated that discussions are at an early stage and that a sale of the company isn't a guarantee as a “strategic alignment,” or asset swaps could formulate.CBS' Showtime is the number two player in the pay-TV space, behind Time Warner's (NYSE: TWX) HBO. Lionsgate is a part owner in a smaller rival Epix and could also benefit from bolstering its pay-TV assets.Starz was spun out of John Malon's Liberty Media (NASDAQ: LMCA) last year but retained a 49 percent stake. Malon stated that Starz would be better off as part of a media company.Shares of Starz were trading higher by around 1.58 percent late Monday morning at $32.71.