Item 8.01 Other Events.
On June 29, 2021, Hasbro, Inc. ("Hasbro" or "we") and Entertainment One Canada
Ltd. ("EOCL") completed the sale of Entertainment One Music pursuant to an
Equity Purchase Agreement dated April 25, 2021 (as amended, supplemented or
otherwise modified from time to time), among Hasbro, EOCL, certain entities
controlled by The Blackstone Group Inc. and affiliates of SESAC, a leading music
rights organization, for an aggregate purchase price of $385 million in cash,
subject to customary purchase price adjustments (the "Transaction"). Hasbro
intends to use its net proceeds from the Transaction to accelerate deleveraging
and other general corporate purposes.
A copy of the press release issued by Hasbro on June 29, 2021 announcing the
completion of the transaction is attached hereto as Exhibit 99.1 and is
incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Hasbro, Inc. Press Release, dated June 29, 2021 .
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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