8/22/2019, 10:36 PM (Source: TeleTrader)
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Hasbro to acquire Entertainment One for $4B

Hasbro Inc. announced on Thursday it entered into a definitive agreement to buy Canadian company Entertainment One Ltd (eOne) in an all-cash deal for $4 billion.

"The acquisition of eOne adds beloved story-led global family brands that deliver strong operating returns to Hasbro’s portfolio and provides a pipeline of new brand creation driven by family-oriented storytelling, which will now include Hasbro’s IP," Hasbro CEO Brian Goldner stated. eOne's portfolio includes children's animated shows Peppa Pig and PJ Masks, as well as numerous live-action films and TV series.

The deal has been approved by the boards of both companies and is now subject to approval from regulators and eOne shareholders. Hasbro expects to close the transaction in the fourth quarter of 2019.

Breaking the News / NP