STARZ ENTERTAINMENT CORP /CN/ (STRZ): M&A transaction — Lionsgate closes $375M cash acquisition of eOne from Hasbro, adding 6,500 titles

STARZ ENTERTAINMENT CORP /CN/

Purchase price $375M cash plus assumption of production financing loans; closed Dec 27, 2023.
Adds 6,500 film and TV titles; includes Monopoly film development rights from Hasbro.
eOne produces ABC's The Rookie, Showtime's Yellowjackets, Discovery's Naked & Afraid.
Michael Burns (Lionsgate Vice Chair, Hasbro director) recused from discussions; deal arms-length.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

STARZ ENTERTAINMENT CORP /CN/ completed an acquisition involving Hasbro, Inc. for $375 million in cash, subject to certain purchase price adjustments, plus the assumption of production financing loans (closed 2023-12-27).

Action: acquisition
Counterparty: Hasbro, Inc.
Consideration: $375 million in cash, subject to certain purchase price adjustments, plus the assumption of production financing loans
Closing: 2023-12-27

Exact text from the filing

pursuant to that certain Equity Purchase Agreement (the “Purchase Agreement”) dated August 3, 2023, by and between the Buyers and Hasbro, for an aggregate purchase price of $375 million in cash, subject to certain purchase price adjustments, plus the assumption of production financing loans (the “Transaction”). Michael Burns, the Vice Chair of the Company and a

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Source: SEC EDGAR

accession 0001193125-23-303999

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