The toy maker acquires the studio and its Peppa Pig and PJ Masks kids properties and a global film and TV production and distribution business.
Toy maker Hasbro has acquired Canadian studio Entertainment One as part of a $4 billion all-cash transaction.kids series and top properties. Under the terms of deal, eOne shareholders will receive $6.80 in cash for each common share, which Hasbro said represents a 31 percent premium to its 30-day average price.
eOne, the subject of periodic takeover speculation in recent years as it trades on the London Stock Exchange, has recently shaped its business aroundproducer Mark Gordon and eOne Television; the family unit, driven by its Peppa Pig and PJ Masks franchises; international sales and production operation Sierra/Affinity; partnership in Amblin Partners with Steven Spielberg, Participant Media and Reliance Entertainment; and Brad Weston's film and TV producer Makeready.
Mark Gordon and eOne more recently rejigged their relationship, with the veteran Hollywood producer shifting to production after serving as president and chief content officer for film, television and digital, leading all creative units.
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