Lions Gate to acquire eOne film and TV business from Hasbro for $375M cash

STARZ ENTERTAINMENT CORP /CN/

Purchase price $375M cash, subject to adjustments for cash, debt, working capital, and assumption of production financing.
Acquisition includes eOne film/TV studio infrastructure and content library.
Closing contingent on HSR Act, Canadian Competition Act approvals, and other customary conditions; target close by Jan 31, 2024.
Agreement includes representations, warranties, covenants, and indemnification provisions typical for such transactions.
Transaction expected to enhance Lions Gate's film and television capabilities.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.97

STARZ ENTERTAINMENT CORP /CN/ entered into Equity Purchase Agreement with Hasbro, Inc. valued at $375,000,000 (effective 2023-08-03).

Action: entry
Agreement: equity purchase
Counterparty: Hasbro, Inc.
Value: $375,000,000
Effective: 2023-08-03

Exact text from the filing

On August 3, 2023, Lions Gate Entertainment Corp., a corporation organized and existing under the corporate laws of British Columbia (the “Company”), and the Company’s subsidiaries, Lions Gate Entertainment Inc., a Delaware corporation (“LGEI”), and Lions Gate International Motion Pictures S.à.r.l., a Luxembourg société à responsabilité limitée (“LGIMP” and, with the Company and LGEI, collectively the “Buyers”), entered into an Equity Purchase Agreement (the “Purchase Agreement”) with Hasbro, Inc., a Rhode Island corporation (“Hasbro”), pursuant to which (following a contemplated pre-closing reorganization), the Buyers will acquire from Hasbro, upon the closing of the transactions contemplated under the Purchase Agreement (the “Purchase”), all of the issued and outstanding equity interests of the companies constituting the Entertainment One television and film (“eOne”) business for an aggregate cash purchase price of $375,000,000 subject to certain purchase price adjustments, including

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Source: SEC EDGAR

accession 0001193125-23-204997

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