“Hasbro’s Strategic Move: Sells Entertainment One, Retires $400 Million Debt After Layoffs”
Rhode Island-based toy giant Hasbro has made a significant strategic move, selling its Entertainment One film and television business to Canadian-American media powerhouse Lionsgate for a substantial $375 million in cash. The sale, in line with Hasbro’s Blueprint 2.0 strategy, also aims to retire around $400 million of floating rate debt. As part of their forward-looking approach, Hasbro announced they will persist in developing and producing entertainment content rooted in their extensive portfolio of iconic Hasbro brands. Could this put a crimp in plans for any future possible G.I. Joe…
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