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Investors and traders are sure acting like they believe the Hollywood studio will be an acquisition target–soon–by one of the companies engaged in the heated battle to gain traction in the market for streaming media. The speculation right now points to Amazon.com (AMZN) as the most likely acquirer. Lions Gate Entertainment is one of the last Hollywood studios that hasn’t been snapped up by a company aiming to bulk up for the streaming content media wars. (I added Lions Gate to my Jubak Picks Portfolio back on June 14, 2018 at $24.78, essentially the closing price on October 2.)

Valuations like the 30% premium put on the company in any takeover by Bloomberg have fueled the current gains.

Lionsgate already has a working partnership with Amazon as the studio has tried to expand the international reach of its Stars network on Amazon’s Prime Video. That plus Amazon’s huge cash flow available to fund the deal have added to the focus on Amazon.