EntertainmentOne posts £44mln loss ahead of Hasbro acquisition

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Less than one week away from its planned acquisition by Hasbro Inc, Entertainment One Group (LON:ETO) posted a £44mln quarterly loss because of lower revenues and higher costs.

The Peppa Pig owner is set to be gobbled up in a £3.3bn all-cash transaction on Thursday 17 October after the deal was accepted by the FTSE 250 groups shareholders.

READ: Peppa Pig owner Entertainment One snapped up by Hasbro in £3.3bn deal[hhmc]

Losses before tax rose sixfold in the three months until 30 June as revenues slipped 7% to £173.1mln because of lower broadcast and licensing revenues due to Read More – Source

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