Deals
Hasbro’s Push Into Media Shines Light on Other Film and TV Takeover Targets
- Metro-Goldwyn-Mayer, Lions Gate are among perenniel prospects
- Companies are seeking material for new streaming services
A Peppa Pig Fun Fair Playset toy
Photographer: Jeenah Moon/BloombergHasbro Inc.’s $4 billion agreement to buy the producer of “Peppa Pig” and other programs puts a spotlight on other media properties that may be for sale, including Metro-Goldwyn-Mayer and Lions Gate Entertainment Corp.
Future acquisition targets also could include Discovery Inc., AMC Networks Inc. and Univision Holdings Inc. “because of their relatively small caps,” according to Bloomberg Intelligence, which lists the soon-to-merge Viacom Inc. and CBS Corp. as a possible acquirer.