Hasbro's Entertainment One takeover could face phase 2 CMA probe
The Competition and Markets Authority said on Thursday that it was considering whether Hasbro’s £3.3bn takeover of Peppa Pig owner Entertainment One would result in "a substantial lessening of competition".
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The competition watchdog said it was inviting comments on the transaction from any interested party. It has given itself a deadline of 21 January 2020 to decide whether to refer the deal for a phase 2 investigation.
US toy company Hasbro announced in August that it had agreed to buy Entertainment One for 560p a share.
At 1040 GMT, ETO shares were down 0.2% at 556.50p.