|Bid||557.00 x 0|
|Ask||557.00 x 0|
|Day's Range||556.50 - 557.50|
|52 Week Range||333.20 - 616.00|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.01 (0.27%)|
|1y Target Est||N/A|
Toy giant Hasbro recently bought Entertainment One, known for shows like "Peppa Pig" and "PJ Masks" for $4 billion. Yahoo Finance's Brian Sozzi had a chance to chat with the CEO about what this means for the future of Hasbro in the streaming industry.
Hasbro is buying Entertainment One, the owner of 'Peppa Big' and 'PJ Masks,' for $4 billion cash. Yahoo Finance's YFi AM break down the details.
The UK's Competition and Markets Authority (CMA) had earlier said it will consider whether the deal could hurt competition and invited comments on the acquisition. In an email to Reuters, Hasbro said that it had been in talks with the CMA about the review, which could last up to 40 business days. Entertainment One declined to comment.
Britain's competition watchdog has launched a review of Hasbro Inc's proposed $4 billion deal to buy Peppa Pig owner Entertainment One, it said on Thursday. The UK's Competition and Markets Authority (CMA) had earlier said it will consider whether the deal could hurt competition and invited comments on the acquisition. In an email to Reuters, Hasbro said that it had been in talks with the CMA about the review, which could last up to 40 business days.
Moody's Investors Service ("Moody's") assigned a Baa3 rating to $2.375 billion of senior unsecured notes issued by Hasbro, Inc. ("Hasbro") in multiple tranches. Other ratings, including the company's Baa3 senior unsecured rating and Prime-3 short term rating, remain unchanged. The net proceeds will be used primarily for the acquisition of Entertainment One Ltd.
Moody's Investors Service ("Moody's") today downgraded Hasbro, Inc.'s ("Hasbro") senior unsecured rating to Baa3 from Baa1 and its rating for short term issuance to Prime-3 from Prime-2, concluding the review for downgrade initiated on August 23, 2019. The rating action follows the company's issuance of $875 million in equity to fund the previously announced $4 billion Entertainment One acquisition, which is expected to close late 2019 or early 2020.
Entertainment One Ltd on Friday posted a wider first-quarter loss, dented by lower sales in its film, television & music segment, as the Canada-based company prepares to be acquired by U.S. toy maker Hasbro Inc. Quarterly sales were dragged by leaner performance in the film, television & music division due to lower broadcasting and licensing revenues, the entertainment firm said. In August, Hasbro said it will buy Entertainment One for about $4 billion in cash, adding the independent studio with preschool brands such as Peppa Pig to the U.S. company known for Nerf and Power Rangers.
Moody's Investors Service ("Moody's") has today placed under review for upgrade the Ba3 corporate family rating (CFR) and the Ba3-PD probability of default rating (PDR) of Entertainment One Ltd. (Entertainment One or the company). Moody's has also placed under review for upgrade the B1 instrument rating on the GBP425 million backed senior secured notes due 2026 issued by the company. The rating action follows the announcement on 23 August 2019 that Hasbro, Inc. (Hasbro, Baa1 senior unsecured rating under review for downgrade) and Entertainment One have entered into a definitive agreement under which Hasbro will acquire Entertainment One in an all-cash transaction valued at approximately GBP3.3 billion or USD4.0 billion.
Moody's Investors Service ("Moody's") today placed Hasbro, Inc.'s ("Hasbro") Baa1/Prime-2 ratings on review for downgrade following its announcement that it will acquire UK-listed Entertainment One Ltd. for GBP3.3 billion or approximately $4.0 billion. Hasbro plans to fund the acquisition with debt and $1-$1.25 billion of equity. Moody's expects that if the deal closes and is funded as contemplated, that Hasbro's senior unsecured rating would be downgraded by at least one, but not more than two notches.