Hasbro Inc (Nasdaq: HAS) has agreed to acquire Entertainment One Ltd (LSE: ETO) (eOne), a Toronto-based music, film and television (TV) producer. The deal is valued at about US$4 billion ($5.3 billion). It is expected to close in Q4 2019. EOne’s Canadian TV and film operations will continue as a distinct locally-controlled business within Hasbro. Hasbro, a Pawtucket, Rhode Island-based toy maker, said the acquisition will advance its strategy by adding eOne’s family brands, such as Peppa Pig. EOne is a portfolio company of Canada Pension Plan Investment Board (CPPIB). In 2015, CPPIB acquired a minority stake from Marwyn Investment Management for $290 million.
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