Hasbro has completed its previously announced acquisition of Entertainment One (eOne) in an all-cash transaction valued at approximately £2.9 billion ($3.8 billion).
“We are excited about what we can do together and see tremendous opportunity for shareholder value creation through this acquisition,” said Brian Goldner, Hasbro’s chairman and CEO. “Our businesses are highly complementary with substantial synergies and a great cultural fit. The addition of eOne accelerates our blueprint strategy by expanding our brand portfolio with eOne’s beloved global preschool brands, adding proven TV and film expertise, and creating additional opportunities for long-term profitable growth. We are pleased to welcome the incredibly talented eOne team to our company.”
Darren Throop, president and CEO of eOne, will report to Goldner. In addition, eOne’s Olivier Dumont, president of family and brands; Steve Bertram, president of film and television; and Chris Taylor, global president of music, will be joining Hasbro, reporting to Throop.