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Hasbro sells EOne TV studio to Lions Gate

Por: Los Angeles Times Business August 03, 2023

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Lions Gate Entertainment has agreed to buy the EOne film and TV studio from toymaker Hasbro for $375 million in cash plus the assumption of loans. Hasbro will use proceeds from the deal, valued at $500 million including loans, to pay down debt, the company said in a statement on Thursday, confirming an earlier Bloomberg report. The largest U.S. toymaker separately reported second-quarter revenue of $1.21 billion, beating Wall Street’s... + full article



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