Deals
Teletubbies Producer DHX Considers Sale After Share Rout
- Canadian firm starts strategic review that may include merger
- Stock plunged after profit missed analysts’ estimates
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DHX Media Ltd., the producer of popular children’s television shows like Teletubbies and Caillou, is considering a sale after poor quarterly results contributed to a 30 percent drop in the share price in less than two weeks.
The Halifax, Nova Scotia-based company’s board has initiated a strategic review focused on maximizing shareholder value, DHX said Monday in a statement. Possible outcomes could include the sale of some or all of the company, or a merger with another party.