PE-backed DHX Media acquires Teletubbies owner Ragdoll for $28.4 mln

Halifax, Nova Scotia-based DHX Media Ltd. (TSX: DHX) has bought Ragdoll Worldwide Ltd., the owner of Teletubbies and other programs, for $28.4 million. The seller in the transaction was BBC Worldwide and a group that includes Ragdoll's founder, Anne Wood. DHX Media, which is focused on television production and distribution, interactive content and entertainment licensing, became a portfolio investment of Canadian buyout firms Birch Hill Equity Partners and OMERS Private Equity when the company bought Cookie Jar Group for $111 million in 2012. Cookie Jar was backed by the two PE firms since 2004.

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