Hasbro Completes Sale of Entertainment One Film and Television Business to Lionsgate
27 Décembre 2023 - 10:08PM
Business Wire
Hasbro to Retain Entertainment for Hasbro
Brands
Hasbro, Inc. (NASDAQ: HAS) announced today that it has completed
the sale of its Entertainment One film and TV business to Lionsgate
for a purchase price of $375 million in cash, subject to certain
purchase price adjustments, plus the assumption by Lionsgate of
production financing loans. Today’s announcement underscores
Hasbro’s Blueprint 2.0 strategy; Hasbro will continue to develop
and produce entertainment based on its rich vault of Hasbro
brands.
The sale includes unscripted television production companies
Renegade and Daisybeck, as well as Hasbro’s interest in the
Canadian film & TV operations of Entertainment One Canada
Limited.
In connection with the closing, Hasbro expects to retire
approximately $400 million of floating rate debt.
J.P. Morgan and Centerview Partners served as lead financial
advisors to Hasbro in the transaction. Cravath, Swaine & Moore
LLP, Mayer Brown International LLP and Stikeman Elliott LLP acted
as legal counsel to Hasbro and Osler, Hoskin & Harcourt LLP
acted as legal counsel to Entertainment One Canada Limited.
About Hasbro
Hasbro is a leading toy and game company whose mission is to
entertain and connect generations of fans through the wonder of
storytelling and exhilaration of play. Hasbro delivers engaging
brand experiences for global audiences through toys, consumer
products, gaming and entertainment, with a portfolio of iconic
brands including MAGIC: THE GATHERING, DUNGEONS & DRAGONS,
Hasbro Gaming, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well
as premier partner brands.
Hasbro is guided by our Purpose to create joy and community for
all people around the world, one game, one toy, one story at a
time. For more than a decade, Hasbro has been consistently
recognized for its corporate citizenship, including being named one
of the 100 Best Corporate Citizens by 3BL Media, one of the World’s
Most Ethical Companies by Ethisphere Institute and one of the 50
Most Community-Minded Companies in the U.S. by the Civic 50. For
more information, visit https://corporate.hasbro.com.
Hasbro Forward-Looking Statements
Certain statements in this press release contain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements may be accompanied by such words as “anticipate,”
“believe,” “could,” “estimate,” “expect,” “forecast,” “intend,”
“may,” “plan,” “potential,” “project,” “target,” “will” and other
words and terms of similar meaning. Among other things, these
forward-looking statements include statements regarding the
intended uses of the proceeds from the sale of the eOne film and
television business and expected benefits of the transaction.
Hasbro’s actual actions or results may differ materially from those
expected or anticipated in the forward-looking statements due to
both known and unknown risks and uncertainties. Specific factors
that might cause such a difference include those risks detailed
from time to time in Hasbro’s filings with the U.S. Securities and
Exchange Commission (the “SEC”). The statements contained herein
are based on Hasbro’s current beliefs and expectations and speak
only as of the date of this press release. Except as may be
required by law, Hasbro does not undertake any obligation to make
any revisions to the forward-looking statements contained in this
press release or to update them to reflect events or circumstances
occurring after the date of this press release. You should not
place undue reliance on forward-looking statements.
HAS-C
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231227552233/en/
Investors: Kristen Levy kristen.levy@hasbro.com 401-727-5440
Media: Roberta Thomson bertie.thomson@hasbro.com
650-285-9721
Hasbro (NASDAQ:HAS)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Hasbro (NASDAQ:HAS)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024