The acquisition could affect eOne film and TV companies such as Sierra/Affinity and Les Filmes Seville.
In a deal driven by Peppa Pig and other IP but having implications for independent film and TV operations in a number of territories, toy giant Hasbro has agreed to acquire global media group Entertainment One (eOne) for around $4bn (£3.3bn).
The surprise, all-cash deal is expected to close during the fourth quarter of this year and represents a premium of 31% over the current price of eOne shares. The deal comes three years after eOne rejected a $1.3bn buyout deal from UK TV giant ITV.
In a deal driven by Peppa Pig and other IP but having implications for independent film and TV operations in a number of territories, toy giant Hasbro has agreed to acquire global media group Entertainment One (eOne) for around $4bn (£3.3bn).
The surprise, all-cash deal is expected to close during the fourth quarter of this year and represents a premium of 31% over the current price of eOne shares. The deal comes three years after eOne rejected a $1.3bn buyout deal from UK TV giant ITV.
- 8/23/2019
- by John Hazelton
- ScreenDaily
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