Hasbro Ends Lionsgate Takeover Talks
Lionsgate offered no comment on the U.S. toy maker not coming to agreement over a price tag for the Hollywood studio.
Hasbro has ended informal takeover talks with Lionsgate, Reuters reported Wednesday, citing unnamed sources close to the negotiations.
A Lionsgate spokesperson declined comment on the report the U.S. toy maker had been looking to acquire the Hollywood studio, but negotiations apparently ended over an acquisition price.
Hasbro and Lionsgate earlier collaborated on the animated feature My Little Pony: The Movie, which starred Emily Blunt. The project was produced by Hasbro's Allspark Pictures, with Lionsgate distributing and marketing the film globally, with the exception of China.
It's unclear whether the recent talks included a formal proposal to acquire Lionsgate, or whether negotiations could be revived in the future.
Hasbro could not be reached to respond to a request for comment. The toy maker, best known for animated series like My Little Pony and Transformers, last year expanded its animation portfolio by acquiring Boulder Media.