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eOne shareholders vote to approve Hasbro acquisition

“We’re pleased that eOne shareholders support this transaction” says Hasbro ceo.

Shareholders of eOne have voted to approve the acquisition by Hasbro which was first announced in August.

The all-cash transaction is valued at approximately £3.3 billion (US$4.0 billion).

More than 99.9% of the votes cast at the eOne special meeting of shareholders held on October 17 voted in favour of the transaction.

“We’re pleased that eOne shareholders support this transaction,” said Brian Goldner, chairman and ceo of Hasbro. “Our two companies’ strategies are remarkably complementary, as we both build brands, creativity and storytelling.

“Together with eOne’s beloved global brands and expertise, we expect to leverage a combined portfolio with appeal to diverse audiences and consumers around the world.”

Darren Throop, ceo of eOne, added: “In our commitment to unlocking the power and value of creativity, the combination of our two businesses makes perfect sense for eOne.

“eOne has long been anchored by great IP, and we believe that with Hasbro’s world-class portfolio of brands we will be able to deliver on their brand blueprint with a slate of content that lives globally across a broad spectrum of media. We are very much looking forward to capitalizing on the new opportunities this creates across film, television, music and family brands.”

The transaction is expected to close during the fourth quarter of 2019.

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