ETO.L - Entertainment One Ltd.

LSE - LSE Delayed Price. Currency in GBp
557.00
0.00 (0.00%)
At close: 4:35PM GMT
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Previous Close557.00
Open560.00
Bid556.50 x 0
Ask557.50 x 0
Day's Range556.50 - 560.00
52 Week Range346.40 - 616.00
Volume228,421
Avg. Volume4,359,455
Market Cap2.779B
Beta (5Y Monthly)0.51
PE Ratio (TTM)N/A
EPS (TTM)-4.50
Earnings DateJan 06, 2020 - Jan 10, 2020
Forward Dividend & Yield0.01 (0.27%)
Ex-Dividend DateJul 11, 2019
1y Target Est422.43
  • Hasbro CEO talks acquisition of Entertainment One content
    Yahoo Finance Video

    Hasbro CEO talks acquisition of Entertainment One content

    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 buys Entertainment One for $4B cash
    Yahoo Finance Video

    Hasbro buys Entertainment One for $4B cash

    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.

  • Hasbro to buy 'Peppa Pig' parent for $4 billion
    Yahoo Finance Video

    Hasbro to buy 'Peppa Pig' parent for $4 billion

    Toymaker Hasbro announced it's acquiring Entertainment One, the studio behind "Peppa Pig" and "PJ Masks" for $4 billion in cash. 

  • ITV Named as Top M&A Target in Europe for Fourth Year in Row
    Bloomberg

    ITV Named as Top M&A Target in Europe for Fourth Year in Row

    (Bloomberg) -- The absence of a long-speculated bid for ITV Plc hasn’t deterred merger and acquisition desks from naming the U.K. broadcaster as Europe’s most likely takeover target for a fourth year in a row.ITV appeared on the M&A watch lists of 6 out of 20 event-driven traders, analysts, brokers and fund managers surveyed by Bloomberg News. That follows a year in which the shares hit a multi-year low, before rallying to post a first annual gain in four.The continued presence of John Malone’s Liberty Global Inc. as the company’s second-largest shareholder has kept takeover hopes alive, while increased clarity on Brexit after the outcome of Britain’s general election also provided a boost for the shares. At the same time, the battle for content that will win eyeballs has been heating up. ITV launched U.K. streaming service BritBox with the British Broadcasting Corp. last year in a bid to compete with the likes of Netflix Inc. and Amazon.com Inc. Walt Disney Co.’s new streaming service, Disney+, is also reported to be launching in the U.K. this March. Despite the recent rally, ITV’s shares have been in the doldrums since 2016, with advertising sales under pressure from Brexit uncertainty as well as an industry shift in spending to digital companies such as Facebook Inc. and Alphabet Inc.’s Google. Chief Executive Officer Carolyn McCall, who has led the company since January 2018, has sought to cut costs while launching BritBox to reduce reliance on ad sales. Analysts have criticized the platform as being “too little, too late” in the streaming wars.Recent acquisitions of Sky Ltd. and Entertainment One Ltd. by U.S. companies have also stoked speculation that ITV could be a target for an overseas firm, while back in 2017 a press report mentioned U.S. tech giants such as Netflix, Amazon and Apple Inc. as potential suitors. Among upcoming catalysts, investors will be watching ITV’s full-year results due at the beginning of March.Luxury brand Moncler Spa and Dutch molecular-testing firm Qiagen NV also featured highly on trader watch lists. The former’s shares surged to a record last month on reports that rival Kering SA could be interested in a potential deal for the Italian ski-wear maker. Qiagen said in December it intended to pursue a stand-alone strategy, a month after announcing it received several indications of interest.According to Louis Capital’s Ben Kelly, the pace of consolidation in Europe is likely to gain momentum this year. Companies aren’t expected to worry about leveraging up their balance sheets for M&A given the low interest-rate environment, while private equity still has a lot of money to put to work and activists are more present than before, he said.“Increased political certainty in the U.K. and Europe and continued share-price strength could see companies looking to use their own paper to do deals, and bolstering that with cash where necessary,” Kelly said.Despite last year’s geopolitical tensions, almost $3 trillion of global mergers and acquisitions were done in 2019, a 1.5% dip from 2018 but still the fifth-best year ever. Goldman Sachs remained the top-ranked deal-maker in 2019, advising on 281 transactions worth $1 trillion, according to data compiled by Bloomberg.Survey participants named 75 companies as potential targets, including: Asos Plc and Smith & Nephew Plc in the U.K., Accor SA and Aeroports de Paris in France, and Norwegian Finans Holding ASA in Norway.Several stocks included in last year’s predictions have since either been acquired or held merger talks. These include: Osram Licht AG, Scout24 AG, Inmarsat Plc, Entertainment One Ltd., Deutsche Bank AG and Commerzbank AG.Click here for the complete survey results.(Adds detail on share price performance, additional context on ITV.)\--With assistance from Kit Rees.To contact the reporter on this story: William Canny in Amsterdam at wcanny3@bloomberg.netTo contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, Paul Jarvis, Beth MellorFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • TheStreet.com

    Hasbro Passes Go and Climbs on UBS Upgrade to Buy

    Hasbro rises after a UBS analyst upgrades shares of the toy and entertainment company to buy from neutral with a $117 price target.

  • Reuters

    British watchdog reviews Hasbro's Entertainment One takeover

    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.

  • Reuters

    UPDATE 2-British watchdog reviews Hasbro's Entertainment One takeover

    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

    Hasbro, Inc. -- Moody's assigns Baa3 to Hasbro's new unsecured notes

    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

    Hasbro, Inc. -- Moody's downgrades Hasbro to Baa3/P-3; outlook stable on Entertainment One funding

    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.

  • Hasbro Shares Slide as Trade War Boosts Costs, Dents Sales
    GuruFocus.com

    Hasbro Shares Slide as Trade War Boosts Costs, Dents Sales

    Toymaker’s earnings, revenue fall short of expectations as tariff threats impact operations Continue reading...

  • Reuters

    UPDATE 1-Peppa Pig owner Entertainment One posts wider first-quarter loss

    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

    Entertainment One Ltd. -- Moody's places Entertainment One's ratings under review for upgrade

    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

    Hasbro, Inc. -- Moody's reviews Hasbro's ratings for downgrade on Entertainment One acquisition

    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.

  • Why Mattel Just Dropped 6.6%
    Motley Fool

    Why Mattel Just Dropped 6.6%

    One analyst is all but certain Hasbro won't buy Mattel.

  • Hasbro Makes a Big Acquisition
    Motley Fool

    Hasbro Makes a Big Acquisition

    The toymaker is adding this indie studio to its arsenal.

  • TheStreet.com

    Hasbro Stock Drop Following Acquisition Is Overdone, DA Davidson Suggests

    Analyst Linda Bolton Weiser called Hasbro's deal for Entertainment One EPS accretive and a strategic match.