Entertainment One Ltd. (eOne) shareholders have voted to approve Hasbro‘s proposal to acquire the company in an all-cash transaction valued at approximately $4 billion, pursuant to the definitive arrangement agreement between the parties.
Following a successful transaction, Rhode Island-based Hasbro will boost its family IP portfolio and its entertainment production and distribution capabilities. eOne controls valuable IP, including Peppa Pig, PJ Masks, and the recently launched Ricky Zoom. Combined, the companies will hold a major position across toys, games, film, television, music, and family brands.
“We’re pleased that eOne shareholders support this transaction,” says Brian Goldner, chairman and CEO of Hasbro. “Our two companies’ strategies are remarkably complementary, as we both build brands, creativity, and storytelling. Together with eOne’s beloved global brands and expertise, we expect to leverage a combined portfolio with appeal to diverse audiences and consumers around the world.”
Today’s vote marks another big step forward for eOne and Hasbro. The transaction has received several regulatory approvals in the U.S. and Germany but still must receive regulatory approvals and customary closing conditions in Canada.