Hasbro Finalizes Sale of eOne Film and TV Business to Lionsgate

The sale of Hasbro‘s eOne Film and TV business to entertainment company Lionsgate is complete.\xa0The transaction began in August.

Hasbro sold eOne to Lionsgate for a purchase price of $375 million in cash, subject to purchase price adjustments and the assumption by Lionsgate of production financing loans.\xa0

This sale underscores Hasbro’s Blueprint 2.0 strategy, in which the company aims to develop and produce entertainment based on its numerous brands. Following the closing, Hasbro expects to retire approximately $400 million of floating rate debt.\xa0

The sale includes unscripted television production companies Renegade and Daisybeck, and Hasbro’s interest in the Canadian film and TV operations of Entertainment One Canada Limited.\xa0

For more information visit entertainmentone.com.