Hasbro to buy studio Entertainment One for $4 billion

FILE PHOTO: People dressed as characters from the animated series "Peppa Pig" take part in a parade in Hangzhou, Zhejiang province, China April 29, 2018. REUTERS/Stringer - Copyright CHINA STRINGER NETWORK(Reuters)

By Reuters

Published on 22/08/2019 - 23:34•Updated 24/04/2024 - 02:02

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SAN FRANCISCO (Reuters) - U.S. toy maker Hasbro Inc <HAS.O> will buy Entertainment One Ltd <ETO.L> for about $4 billion (3.26 billion pounds) in cash, adding the independent studio with preschool brands such as Peppa Pig to the U.S. company known for Nerf and Power Rangers, the companies said on Thursday.

Hasbro will pay 5.60 pounds per share and will finance the deal with debt and $1.0-1.25 billion in cash from equity financing, the companies said.