Lionsgate to acquire eOne from Hasbro for $500M

Lionsgate (LGF.A) and Hasbro (HAS) announced that they have signed an agreement under which Lionsgate will acquire the independent content platform eOne in a transaction valued at approximately $500 million, comprised of cash of $375M subject to additional purchase price adjustments, and the assumption of production financing loans. The agreement is subject to Hart-Scott-Rodino approval and customary closing conditions. Under the agreement, Lionsgate will acquire a library that includes titles such as 1917, Atomic Blonde, Green Book, Grey’s Anatomy, Criminal Minds, Renegade and Designated Survivor. eOne’s scripted television business is powered by The Rookie TV franchise, now in its sixth season on ABC, the spinoff The Rookie: Feds, and production of Showtime’s critically-acclaimed horror thriller Yellowjackets. eOne’s unscripted business is led by the long-running reality series Naked & Afraid.