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Lionsgate closed its $375 million acquisition of studio eOne from toy company Hasbro Wednesday.
The deal adds 6,500 film and television titles to Lionsgate’s existing library, including Showtime hit “Yellowjackets,” ABC’s “The Rookie” and Discovery’s “Naked & Afraid” franchise.
“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,” Lionsgate CEO Jon Feltheimer said. “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.”
Lionsgate was advised on the transaction by Jefferies & Co., Sheppard Mullin and Denton’s Canada LLP.
More to come…
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