- 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.
‘McDonald’s Expands Krispy Kreme Test To More Than 150 Kentucky Locations’ – CNBC
https://www.cnbc.com/2023/02/27/mcdonalds-krispy-kreme-test-expanded.html
McDonald’s is expanding its test with Krispy Kreme to more than 150 restaurants in Louisville and Lexington, Kentucky.
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