Hasbro to Sell eOne Film & TV Business to Lionsgate For $500M
Portfolio Pulse from Benzinga Newsdesk
Hasbro Inc. has agreed to sell its eOne Film & TV business to Lionsgate for $500 million. The deal is expected to close by the end of the year.
August 04, 2023 | 12:44 pm
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POSITIVE IMPACT
Lionsgate's acquisition of eOne Film & TV from Hasbro could potentially enhance its content portfolio and impact its future revenues.
The acquisition of eOne Film & TV could potentially enhance Lionsgate's content portfolio, which could lead to increased revenues in the future. However, the impact on the company's financial performance will depend on the success of the acquired assets.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Hasbro's sale of its eOne Film & TV business to Lionsgate could potentially free up resources for the company and impact its financial performance.
The sale of the eOne Film & TV business could potentially free up resources for Hasbro, which could be used for other strategic initiatives. However, the impact on the company's financial performance will depend on how the proceeds from the sale are used.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100