Talks Of Hasbro Acquisition of Lionsgate Reportedly Over
Wednesday, August 2nd, 2017 1:56PM CDT
Categories: Movie News, Company NewsPosted by: Va'al Views: 16,296
Topic Options: View Discussion · Sign in or Join to reply
Via Reuters, we have news of talks between Hasbro and movie distributor Lionsgate - and more precisely, news that talks of Hasbro to acquire the distributor are not going ahead, due to a price dispute. Hasbro had tried buying Dreamworks in 2014, but the latter was bought by Comcast corp - and it looks like Lionsgate is no longer on the table either, though no more information is currently given. Read more about it here, and below!
(Reuters) - Hasbro Inc, the maker of games ranging from Monopoly to foam Nerf balls, has ended talks to acquire U.S. movie studio and entertainment company Lions Gate Entertainment Corp, people familiar with the matter said on Wednesday.
The deal would have given Hasbro a direct pipeline into Hollywood with more movies and TV shows tied to its toy brands.
The Pawtucket, Rhode Island-based company has worked with Viacom Inc's Paramount Pictures on the "Transformers" and "G.I. Joe" film franchises, and with the Lionsgate movie studio on a "My Little Pony" film, due in theaters in October.
The negotiations with Lions Gate ended last week because of price disagreements, the sources said, asking not to be identified because the talks were confidential. It is not clear whether negotiations could restart in the future.
Lions Gate declined to comment. Hasbro did not respond to a request for comment.
Hasbro shares fell 1.9 percent to $103.90, giving the company a market value of about $12.9 billion. Shares of Lions Gate were trading almost flat at $29.25, representing an overall market value of close to $5.9 billion.
Credit(s): Reuters
News Search
Got Transformers News? Let us know here!
Most Popular Transformers News
SEIBERTRON Turns 25! Celebrate with 25% off Transformers Toys + Energon Universe Comics
39,417 viewsMost Recent Transformers News
News Categories: Toy News, Movie News, Cartoon News, Comic Book News, Site News, Rumors, Events, Media Vault, Collectibles, Sponsor News, Game News, Site Articles, Reviews, Retailer News, People News, Company News, Sightings, Press Releases, Unlicensed Products News, Auctions, Transtopia, Interviews, Voices, Collectors' Club News, Knock Offs, Twincasts, Heavy Metal War, Contests, Book News, Top Lists
Re: Talks Of Hasbro Acquisition of Lionsgate Reportedly Over (1901454)
Posted by Munkky on August 2nd, 2017 @ 2:37pm CDT
Posted by Munkky on August 2nd, 2017 @ 2:37pm CDT
It wouldn't surprise me if Saban Brands ends up buying Lionsgate, I remember hearing that Saban still wants to move forward with another Power Rangers film despite the box office result because the merchandise sold well, so I can see them buying out Lionsgate and have them distribute more Power Rangers films.
[ Click to attempt signal recovery... ]
