Hasbro Closes eOne Acquisition

Hasbro Dec. 30 announced that it has completed its previously announced $3.8 billion acquisition of Entertainment One Ltd. (eOne).

The all-cash transaction is valued at approximately £2.9 billion, based on the consideration of £5.60 per common share of eOne. Converted at a rate of 1.31 USD/GBP on Dec. 30, 2019, the total cash consideration was approximately $3.8 billion.

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Hasbro also expects to redeem eOne’s outstanding senior secured notes and to pay off the debt outstanding under eOne’s revolving credit facility, which together represent approximately £0.6 billion of eOne’s debt.

“Our businesses are highly complementary with substantial synergies and a great cultural fit,” Hasbro’s CEO Brian Goldner said in a statement.

Goldner said eOne “accelerates our blueprint strategy” by expanding the gamer’s brand portfolio with eOne’s global preschool brands and “proven” TV and film expertise.

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Darren Throop, CEO of eOne, will report to Goldner. In addition, eOne’s Olivier Dumont, president, family & brands, Steve Bertram, president, film & television, and Chris Taylor, global president, music, will also be joining Hasbro, reporting to Throop.

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