Peppa Pig is worth more, well over 1 billion pounds ($ 1.3 billion), or 236 pence a share. Meanwhile, the title runs in London today, up 7.05% to 232.79 pence. Entertainment One Ltd, the group to be $ 1.1 billion based in Canada, which controls the rights to the famous pig cartoon, said it had rejected a takeover bid of 236 pence per share considering it too low. In the note the company declined to specify who has come forward with the offer. But the market is betting on whether the British ITV group.
The Canadian team had to issue an official note to emrcato this morning because of the recent movements of abnormal held title ( “Entertainment One Ltd . notes the recent movement in the Company’s share price. The Company Confirms That it has received a preliminary proposal with respect to a possible offer valuing the issued and to be issued share capital of the Company at 236 pence per share, Which may or may not lead to an offer being made for the Company. The Board of eOne has reviewed the Proposal and has unanimously rejected it on the basis That it fundamentally undervalues the Company and its prospects).
The cardboard lively has directed and produced in 2004 by the studio Astley Baker Davies animation, which last year was acquired by Entertainment one Family. Peppa, distributed in 180 countries worldwide, is aimed at an audience of children of preschool age. in Italy is broadcast by Rai yoyo clear.
“the board of eOne examined the proposal unanimously rejected because it undervalues the company and its prospects,” said Entertainment one today in a statement. The offer is 8.5% above the closing price of Entertainment One recorded yesterday in London, amounting to 217.50 pence per share.
eOne did not specify from whom came the proposal, but the actions of the group increased by 37% since Bloomberg News reported in April that the broadcaster ITV Plc was trying to make a takeover on the Canadian team. Peppa Pig Itv would lead to a dowry of a franchise that, according to the data in 2015, worth over $ 1 billion in retail sales worldwide (merchandising is one of the highlights of Peppa Pig), and would ensure further expansion the television broadcaster based in London in the segment of production while reducing its dependence on traditional advertising.
eOne owns the rights to more than 40 thousand titles of films and films for television, 4,500 hours of television programming and 45 thousand songs. Its library, writes today the BBc is assessed on its own over 1 billion dollars.
Itv, known network for television series such as Downton Abbey and Mr Selfridge, as well as for the long soap opera Coronation Street, has sought to strengthen the divisions production and distribution and to expand beyond the UK. A year ago bought Talpa Media Holding BV, the creator of the reality show The Voice and Mammoth Screen Ltd., which produces Poldark.
One Entertainment distributes films and television products in Canada, Australia, the UK and the States and several European countries (including Italy). He worked with titles including Spotlight, Academy Award winner this year, Fear the Walking Dead and The Hateful Eight. The group based in Toronto last year increased its participation Astley Baker Davies Ltd, the creator and producer of Peppa Pig.
The Entertainment One shares climbed 10% to 217.5 pence yesterday, for a valuation of 929 million pounds ($ 1.1 billion). ITV fell 0.4% to 198.70 pence for a market value of 8 billion pounds. ITV today opened slightly higher, + 0.81% to 200.30 pence.
No comments:
Post a Comment