Hasbro’s $385 Million Sale of eOne’s Music Business

Cravath, Swaine & Moore LLP, Mayer Brown International LLP and Stikeman Elliott LLP represented Hasbro in the transaction. Osler, Hoskin & Harcourt LLP acted as legal counsel to Entertainment One Canada Limited.

Hasbro, Inc. (“Hasbro”) has entered into a definitive agreement to sell Entertainment One Music (“eOne Music”), a leading independent music business, for an aggregate price of $385 million in cash.

eOne Music will be acquired by entities controlled by Blackstone, which also owns SESAC, a leading music rights organization. Subsequent to the closing of the transaction, eOne Music will operate as a separate business unit headed by its current Global President. As part of the transaction, Entertainment One Canada Limited will sell the Canadian music division.

Hasbro (NASDAQ: HAS) is a global play and entertainment company committed to making the world a better place for all children, fans and families.

The Cravath team was led by partner Allison M. Wein (Picture) and includes associates Adam M. Sanchez and Darien Pun on M&A matters; partners Michael S. Goldman and Craig F. Arcella on financing matters; partner Andrew W. Needham and associate Rebecca L. Fine on tax matters; partner Margaret T. Segall and senior attorney Jesse M. Weiss on antitrust matters; partner David J. Kappos and associate Rohan E. George on intellectual property matters; partner Matthew J. Bobby and associates Jana I. Hymowitz, Anna Mikaelyan and Dixing Tang on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Malikah I. Williams also worked on antitrust matters.

Involved fees earner: Craig Arcella – Cravath Swaine & Moore; Matthew Bobby – Cravath Swaine & Moore; Brian Budnick – Cravath Swaine & Moore; Darien Pun – Cravath Swaine & Moore; Margaret Segall D’Amico – Cravath Swaine & Moore; Rebecca Fine – Cravath Swaine & Moore; Rohan George – Cravath Swaine & Moore; Michael Goldman – Cravath Swaine & Moore; Jana Hymowitz – Cravath Swaine & Moore; David Kappos – Cravath Swaine & Moore; Anna Mikaelyan – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Andrew Needham – Cravath Swaine & Moore; Adam Sanchez – Cravath Swaine & Moore; Dixing Tang – Cravath Swaine & Moore; Allison Wein – Cravath Swaine & Moore; Jesse Weiss – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Hasbro;

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Martina Bellini

Author: Martina Bellini

Hasbro’s $385 Million Sale of eOne’s Music Business

Cravath, Swaine & Moore LLP, Mayer Brown International LLP and Stikeman Elliott LLP represented Hasbro in the transaction. Osler, Hoskin & Harcourt LLP acted as legal counsel to Entertainment One Canada Limited.

Hasbro, Inc. (“Hasbro”) has entered into a definitive agreement to sell Entertainment One Music (“eOne Music”), a leading independent music business, for an aggregate price of $385 million in cash.

eOne Music will be acquired by entities controlled by Blackstone, which also owns SESAC, a leading music rights organization. Subsequent to the closing of the transaction, eOne Music will operate as a separate business unit headed by its current Global President. As part of the transaction, Entertainment One Canada Limited will sell the Canadian music division.

Hasbro (NASDAQ: HAS) is a global play and entertainment company committed to making the world a better place for all children, fans and families.

The Cravath team was led by partner Allison M. Wein (Picture) and includes associates Adam M. Sanchez and Darien Pun on M&A matters; partners Michael S. Goldman and Craig F. Arcella on financing matters; partner Andrew W. Needham and associate Rebecca L. Fine on tax matters; partner Margaret T. Segall and senior attorney Jesse M. Weiss on antitrust matters; partner David J. Kappos and associate Rohan E. George on intellectual property matters; partner Matthew J. Bobby and associates Jana I. Hymowitz, Anna Mikaelyan and Dixing Tang on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Malikah I. Williams also worked on antitrust matters.

Involved fees earner: Craig Arcella – Cravath Swaine & Moore; Matthew Bobby – Cravath Swaine & Moore; Brian Budnick – Cravath Swaine & Moore; Darien Pun – Cravath Swaine & Moore; Margaret Segall D’Amico – Cravath Swaine & Moore; Rebecca Fine – Cravath Swaine & Moore; Rohan George – Cravath Swaine & Moore; Michael Goldman – Cravath Swaine & Moore; Jana Hymowitz – Cravath Swaine & Moore; David Kappos – Cravath Swaine & Moore; Anna Mikaelyan – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Andrew Needham – Cravath Swaine & Moore; Adam Sanchez – Cravath Swaine & Moore; Dixing Tang – Cravath Swaine & Moore; Allison Wein – Cravath Swaine & Moore; Jesse Weiss – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Hasbro;

Print Friendly, PDF & Email
Martina Bellini

Author: Martina Bellini