Hasbro's Entertainment One takeover could face phase 2 CMA probe
By Michele Maatouk
Date: Thursday 21 Nov 2019
(Sharecast News) - The Competition and Markets Authority said on Thursday that it was considering whether Hasbro's £3.3bn takeover of Peppa Pig owner Entertainment One would result in "a substantial lessening of competition".
The competition watchdog said it was inviting comments on the transaction from any interested party. It has given itself a deadline of 21 January 2020 to decide whether to refer the deal for a phase 2 investigation.
US toy company Hasbro announced in August that it had agreed to buy Entertainment One for 560p a share.
At 1040 GMT, ETO shares were down 0.2% at 556.50p.
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