Hasbro (HAS) announced that it has completed the sale of its Entertainment One film and TV business to Lionsgate (LGF.A) for a purchase price of $375M in cash, subject to certain purchase price adjustments, plus the assumption by Lionsgate of production financing loans. The company said this announcement underscores Hasbro’s Blueprint 2.0 strategy. The sale includes unscripted television production companies Renegade and Daisybeck, as well as Hasbro’s interest in the Canadian film & TV operations of Entertainment One Canada Limited. In connection with the closing, Hasbro expects to retire approximately $400M of floating rate debt.
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