Group 1 - Media mogul Byron Allen has acquired a 10.7% stake in Starz by purchasing 1.8 million shares for $25 million [1][4] - The acquisition allows Allen to expand his media portfolio, which includes the Weather Channel and various television networks and streaming platforms under Allen Media Group [1][3] - Starz operates independently after separating from Lionsgate, a decision made mutually by both companies to pursue standalone business strategies [4][6] Group 2 - Allen's investment firm, Allen Family Capital, acquired the shares at a price of $13.86 per common share, totaling an aggregate consideration of $25 million [4] - Starz has shifted its focus from competing with cable networks to enhancing its streaming services, with CEO Jeff Hirsch aiming to pursue mergers to expand its digital strategy [5][6] - Hirsch has indicated that Starz plans to actively seek mergers and acquisitions, particularly to assist struggling linear networks after its separation from Lionsgate [6]