Hasbro’s Sale of its eOne Film and TV Business to Lionsgate

On August 3, 2023, Hasbro, Inc., a leading toy and game company, announced that it has reached a definitive agreement to sell its eOne film and TV business to Lionsgate for approximately $500 million, consisting of $375 million in cash, subject to certain purchase price adjustments, and the assumption by Lionsgate of production financing loans. Cravath is representing Hasbro in connection with the transaction.

The Cravath team is led by partners Daniel J. Cerqueira, Claudia J. Ricciardi and Faiza J. Saeed and includes associates Cole DuMond, Katharine E. Waldman and Carly B. Sadicario and foreign associate attorneys Daniel Mills and Caroline Alexandra Forschbach on M&A matters; partner Stephen M. Kessing and associate Courtney T. Seager on financing matters; partner Ronald E. Creamer Jr. and associate Emily R. Eskin on tax matters; partner Matthew J. Bobby, senior attorney Aaron S. Cha and associate Molly E. Nichols on executive compensation and benefits matters; partner David J. Kappos and associate Kathryn-Ann Stamm on intellectual property matters; of counsels Jesse M. Weiss and Megan Y. Lew and foreign associate attorney Jokin Beltran de Lubiano on regulatory matters; partners Michael L. Arnold and Kimberley S. Drexler and of counsel Lisa M. Kohl on corporate governance matters; partner Matthew Morreale on environmental matters; and practice area attorney Brian M. Budnick on real estate matters.