It’s official. Toy company Hasbro now owns Death Row Records.
On Monday (Dec. 30), Brian Goldner, Hasbro chairman and chief executive officer, announced the acquisition of Entertainment One, which owns Death Row Records, in an all-cash transaction valued at approximately $3.8 billion. The deal was made last summer, but now it's officially been closed.
“We are excited about what we can do together and see tremendous opportunity for shareholder value creation through this acquisition,” said Goldner via a press release. “Our businesses are highly complementary with substantial synergies and a great cultural fit. The addition of eOne accelerates our blueprint strategy by expanding our brand portfolio with eOne’s beloved global preschool brands, adding proven TV and film expertise, and creating additional opportunities for long-term profitable growth. We are pleased to welcome the incredibly talented eOne team to our Company.”