EL SEGUNDO, CALIF. — Hasbro, Inc. has completed the sale of its Entertainment One film and TV business to Lionsgate.
The all-cash deal is subject to certain purchase price adjustments, plus the assumption by Lionsgate of production financing loans.
With the $375 million sale, Hasbro says it 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 and TV operations of Entertainment One Canada Ltd.
In connection with the closing, Hasbro expects to retire approximately $400 million of floating rate debt.
