Photo by Eldriva/Flickr
Today, the creator of arguably the most famous porcine TV star in the world, Entertainment One, announced a deal to acquire the US producer of Quantico and Grey’s Anatomy amounting to $209m (£148m).
The London-listed owner of Peppa Pig is set to acquire the 49 percent of shares in The Mark Gordon Company that it does not already own.
The said deal will be financed by a combination of $49m of shares and $160m of cash.
A share placing that is worth $75m was also announced by Entertainment One to part-fund the said deal.
“The acquisition of the remaining stake in The Mark Gordon Company is an exciting time for both Entertainment One and The Mark Gordon Company and a natural step in our strategy of creating and owning high-quality content,” stated Darren Throop, the Chief Executive Officer of Entertainment One.
He added: “We would like to welcome Mark Gordon into his new and expanded role with eOne and look forward to seeing our Television and Film operations continue to make great progress under his leadership.”