Lionsgate announced that its television and motion picture studios will become a publicly traded company in a $4.6 billion deal. The transaction, separating the studios from Lionsgate's Starz unit, includes merging the studios with a special purpose acquisition company, Screaming Eagle Acquisition Corp., and is expected to raise $350 million for Lionsgate. The proceeds will strengthen Lionsgate's balance sheet and help it pay for the acquisition of eOne from Hasbro.