Deals
Hasbro to Sell EOne Music Unit to Blackstone for $385 Million
The EOne music label features artists such as the Lumineers, Snoop Dogg and Wu-Tang Clan.
Photographer: Ella Hovsepian/Getty Images
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Hasbro Inc. agreed to sell its EOne Music business to private equity firm Blackstone Group Inc. for $385 million, offloading part of the Entertainment One operations that it acquired in 2019.
The cash deal is expected to close in the second or third quarter of this year, Hasbro said in a statement Monday. Under Blackstone, the music business will be run by its current global president, Chris Taylor.