Deals
Hasbro Is Seeking a Buyer for Most of EOne, Hire Advisers
- Sale of EOne to free funds for brand investments, cut in debt
- Media assets on the block account for $1 billion in revenue
This article is for subscribers only.
Hasbro Inc., which has been weighing options for its Entertainment One media division, decided to put most of the business up for sale after a large number of potential buyers came forward, Chief Executive Officer Chris Cocks said.
“We think there’s sizable value to the business, it’s got a pretty nice cash flow associated with it and we care deeply about where it ends up,” Cocks said in an interview. He declined to comment on possible sale prices.