After months of negotiations and even after a government investigation, Hasbro has finally acquired Entertainment One (eOne for short) for a whopping US$ 3.8 Billion.
The new company (dubbed as ‘One Hasbro‘) will produce entertainment content based on Hasbro properties such as Transformers, Power Rangers, G.I. Joe, My Little Pony and many others.
“We are excited about what we can do together and see tremendous opportunity for shareholder value creation through this acquisition,” said Brian Goldner, Hasbro chairman and chief executive officer. “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.”
You can check out the full Press Release, after the jump.