Entertainment One acquires rest of Secret Location
Canadian media distributor Entertainment One Ltd (eOne) has acquired the equity it did not already own in Secret Location Inc, a Toronto-based digital content creation studio. No financial terms were released. EOne, which first invested in May 2014, said Secret Location will continue to operate as a distinct brand and help it leverage and strategicaly launch projects and products. Canada Pension Plan Investment Board bought a minority stake in eOne for $290 million last year. It was reported this week that U.S. private equity firm Kohlberg Kravis Roberts & Co (KKR) is considering a bid to acquire the company following eOne's rejection of an offer from ITV plc.
18 August 2016•3 mins read
