Lionsgate closes acquisition of eOne from Hasbro

Lionsgate (LGF.A) announced that it has closed its acquisition of the global entertainment platform eOne from Hasbro (HAS). Lionsgate acquired eOne for a purchase price of $375M in cash, subject to certain purchase price adjustments, plus the assumption of production financing loans. “The acquisition adds 6,500 film and television titles to Lionsgate’s library, one of the largest and most valuable in the world, diversifies and strengthens its scripted and unscripted television businesses, extends its portfolio of brands and franchises and expands its presence in Canada and the UK. eOne produces the hit ABC franchise The Rookie, the critically-acclaimed Showtime series Yellowjackets and the long-running Discovery unscripted series Naked & Afraid. The transaction also includes film development rights to Hasbro’s beloved Monopoly brand,” Lionsgate said. “The eOne acquisition concludes a busy year in which we continued to execute our strategy of strengthening our studio business as we prepare for the separation of Lionsgate and STARZ into pure play standalone companies. As we’ve conducted our integration planning, our analysis has reaffirmed our conviction that eOne will be a valuable and highly accretive addition to our business. We are pleased to welcome eOne’s talented group of employees to our Lionsgate family,” said Lionsgate CEO Jon Feltheimer.