Lionsgate and Hasbro Sign Agreement for Lionsgate to Acquire Global Independent Content Platform eOne

Lionsgate and Hasbro Sign Agreement for Lionsgate to Acquire Global Independent Content Platform eOne

Aug 03, 2023 by PR Newswire

Key Facts

  • B) and Hasbro (NASDAQ: HAS) today announced that they have signed an agreement under which Lionsgate will acquire the independent content platform eOne in a transaction valued at approximately $500 million, comprised of cash of $375 million subject to additional purchase price adjustments, and the assumption of production financing loans.
  • The eOne acquisition will allow Lionsgate to continue to scale its operations in the UK and Canada, where it has recently launched production partnerships with BBC Studios (Ghosts), Channel Four (Motherland), the CBC (Son of A Critch), Rogers' CityTV (Wong & Winchester) and Bell Media.
  • For media inquiries, please contact: Peter D. Wilkes, Lionsgate 310-255-3726 Forward-Looking Statements This press release contains forward-looking information related to the Company and the proposed acquisition of the eOne content platform business ("eOne") from Hasbro, Inc. ("Hasbro") by the Company, that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements.
  • Risks and uncertainties include, among other things, risks related to the ability of the Company to consummate the proposed transaction on a timely basis or at all; the Company's ability to secure regulatory approvals on the terms expected, in a timely manner or at all; the Company's ability to successfully integrate eOne's operations; the Company's ability to implement its plans, forecasts and other expectations with respect to eOne's business after the completion of the transaction and realize expected synergies; the ability to realize the anticipated benefits of the proposed transaction, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period; disruption from the transaction making it more difficult to maintain business and operational relationships; risks related to diverting management's attention from the Company's ongoing business operations; potential negative effects of the announcement or the consummation of the proposed transaction on the market price of the Company's common stock or on the Company's operating results; significant transaction costs; unknown liabilities; the risk of litigation or regulatory actions related to the proposed transaction; future levels of the Company's indebtedness; and the effect of the announcement or pendency of the transaction on the Company's or eOne's business relationships, operating results, and business generally.

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