Entertainment One rejects ITV's $1.3 bln offer: Reuters
Canada's Entertainment One, the owner of children's TV character Peppa Pig, has rejected a 1 billion-pound (US$1.3 billion) takeover offer from British broadcaster ITV (ITV.L), saying it undervalued the production and distribution company, Reuters reported. The Toronto-based company says its rights alone were independently valued at over US$1 billion last year. In late 2015, Canada Pension Plan Investment Board bought a minority stake in Entertainment One from British private equity firm Marwyn Investment Management for $290 million. The pension fund remains the company's largest shareholder.
10 August 2016•3 mins read
