- Hasbro Inc (NASDAQ:HAS) is reportedly in talks with Entertainment One (EOne) founder Darren Throop to sell most of the film and TV studio’s assets.
- Throop, who has previously served as the CEO of EOne, is said to be among the leading bidders, reported Bloomberg.
- Throop is said to have the backing of the private equity firm CVC Capital Partners.
- Hasbro acquired EOne in 2019 for $4 billion and has been selling some of its units that it considers unimportant.
- The toymaker sold EOne’s music business to Blackstone Inc. (NYSE:BX) in 2021.
- The units under consideration for sale now include EOne’s film and TV production business and a library of about 6,500 titles.
- The report further mentioned that the sale proceeds would be invested in gaming brands, new films, and debt repayment.
- Price Action: HAS shares closed lower by 2.30% at $51.29 on Thursday.
Alterity Therapeutics Announced 1-for-10 Reverse ADS Split
Alterity Therapeutics Limited (ASX:ATH, NASDAQ:ATHE) today announced that its Board of Directors approved a ratio change of its American Depository Shares (ADSs) to Ordinary Shares (the "ADS Ratio") from the current ADS Ratio of 1 ADS representing 60 Ordinary Shares to 1 ADS representing 600 Ordinary Shares (the "ADS Ratio Change"). The ADS Ratio Change will be effective on January 9, 2023.
