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Hasbro buys 'Peppa Pig' studio eOne for $4 billion [Los Angeles Times (CA)]

Lions Gate Entertainment Corporation Class A Voting Shares (LGF.A) 
Last lions gate entertainment corporation class a voting shares earnings: 2/6 04:05 pm Check Earnings Report
Pre-school television favorite Peppa Pig is moving in with the Power Rangers, Transformers and Mr. Potato Head. Toymaker Hasbro Inc. will buy Entertainment One Ltd. , the Toronto, Ont. based owner of the popular animated series, for about $4 billion -- marking its biggest acquisition ever, according to data compiled by Bloomberg. The deal adds the character and a suite of other kids media properties to its portfolio of bankable brands and positions Hasbro as a bigger player in the TV and movie segment. Under the terms of the all-cash transaction, Entertainment One shareholders will receive 5.60 pounds for each common share, which Hasbro said represents a 31% premium to its 30-day average price. Hasbro’s shares slipped in late trading. The transaction marks a major expansion of Hasbro’s media efforts as well as another example of the race to pick up smaller content owners and producers as a plethora of video-streaming companies come onto the scene. The deal will give the toy company En Show less Read more
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