Hasbro to buy studio Entertainment One for $4 billion
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FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas White/Illustration
SAN FRANCISCO (Reuters) – U.S. toy maker Hasbro Inc will buy Entertainment One Ltd for about $4 billion 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.
Reporting by Peter Henderson; editing by Jonathan Oatis