Icahn Launches Site in Bid to Take Over Lionsgate

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By Tonya Garcia

'Rabbit Hole' starring Nicole Kidman is a Lionsgate film opening this month.

Carl Icahn is taking his hostile bid for entertainment company Lionsgate to the Web.

Icahn has launched SaveLionsGate.com, which lays out a 27-page presentation about why the company needs change. Moreover, Icahn pulls a WikiLeaks-style maneuver, including e-mails and texts between studio executives in the document, The Wrap reports. He currently owns about a third of the company. His hostile takeover bid has been ongoing for much of the past year.

Icahn has a number of suggested board members that will be voted on during the company’s annual meeting is on December 14.

Lionsgate divisions cover films, home entertainment, television, and more.