logo-loader
viewEntertainment One

Hasbro's takeover of Entertainment One hit by CMA probe

The Competition and Markets Authority (CMA) is considering whether the deal might result in a "substantial lessening of competition"

Entertainment One -

Entertainment One PLC's (LON:ETO) agreed £3.3bn takeover by Hasbro Inc (NASDAQ:HAS) could be held up by an investigation by the UK antitrust watchdog.

The Competition and Markets Authority (CMA) said on Thursday that it was considering whether the deal, which was agreed for a cash price of 560p per share in August but has not yet completed, might result in a "substantial lessening of competition".

Inviting interested parties to comment, the CMA set a deadline of 21 January 2020 for it to decide whether or not it will refer the merger for an in-depth Phase 2 investigation.

As an independent TV producer, eOne is best known for its ownership of the Peppa Pig brand, but also produces adult TV series such as 'Designated Survivor' and 'The Rookie', and is a film producer and recently moved into music publishing and artist management.

Hasbro, for its part, makes toys under licence for Disney and Marvel, as well as franchises such as Transformers, Power Rangers, Play-Doh and the Monopoly board game.

Quick facts: Entertainment One

Price: 556.5 GBX

AIM:ETO
Market: AIM
Market Cap: £2.78 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Impax Asset Management reveals key themes investors should...

Impax Asset Management Group PLC (LON:IPX) Head of Client Services and Business Development David Richardson tells Proactive key themes investors should look out for in 2020.  Richardson says he's seeing expansion in developing renewable energy projects in Europe, increased interested in...

1 day, 15 hours ago

RNS

Total Voting Rights

4 days, 22 hours ago

Holding(s) in Company

1 week, 3 days ago

Holding(s) in Company

1 week, 4 days ago

Form 8.3 - [Entertainment One]

1 week, 6 days ago

Holding(s) in Company

3 weeks, 5 days ago

Total Voting Rights

3 weeks, 5 days ago

2 min read