Hasbro Inc. completed its previously announced acquisition of Entertainment One Ltd. (eOne) following the customary regulatory hurdles. The all-cash transaction is valued at approximately $3.8 billion.
“We are excited about what we can do together and see tremendous opportunity for shareholder value creation through this acquisition,” says Brian Goldner, Hasbro 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.
Additionally, eOne’s Olivier Dumont, president of family and brands; Steve Bertram, president of film and television; and Chris Taylor, global president of music, will join Hasbro, reporting to Throop.
Hasbro recently hit a few bumps in the third quarter as it faced challenges relating to the on-again-off-again threat of tariffs on toys. The tariffs, which were set to go into effect on Dec. 15, were ultimately called off.