Actionable news
0
All posts from Actionable news
Actionable news in HAS: Hasbro, Inc.,

Exclusive: Hasbro ends talks to buy Lions Gate Entertainment - sources

(Reuters) - Hasbro Inc, the maker of games ranging from Monopoly to foam Nerf balls, has ended talks to acquire U.S. movie studio and entertainment company Lions Gate Entertainment Corp, people familiar with the matter said on Wednesday.

The deal would have given Hasbro a direct pipeline into Hollywood with more movies and TV shows tied to its toy brands.

The Pawtucket, Rhode Island-based company has worked with Viacom Inc's Paramount Pictures on the "Transformers" and "G.I. Joe" film franchises, and with the Lionsgate movie studio on a "My Little Pony" film, due in theaters in October.

The negotiations with Lions Gate ended last week because of price disagreements, the sources said, asking not to be identified because the talks were confidential. It is not clear whether negotiations could restart in the future.

Lions Gate declined to...


More