Hasbro selling eOne to Lionsgate in deal worth around £393m

Hasbro purchased Entertainment One in 2019 (Alamy/PA)

Hasbro is selling its eOne television and movie business to Lionsgate in a deal worth around 500 million US dollars (£393 million), after having paid 4 billion dollars (£3.15 billion) for the company four years ago.

Hasbro said the agreement with Lionsgate includes 375 million dollars (£295 million) in cash and the assumption of production financing loans.