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Hasbro Stock Slips 6% While eOne Shares Jump 32% After $4 Billion Acquisition

Good morning, Entertainment One (eOne) stockholders — it’s been a great morning and early afternoon over in the U.K. for all of you.

Shares of Eto (Entertainment One Ltd.) on the London Stock Exchange are currently up 32% on the day, following the news late last night (local time) that toymaker Hasbro is acquiring the Canadian TV and film studio and home to consumer products stars Peppa Pig and Pj Masks (pictured above). Hasbro is paying $4 billion in cash for eOne.

See how eOne’s stock has performed Friday below. We chose a five-day window so readers can see the spike. The trading day across the pond is still ongoing.

Also Read: Nielsen Is Prepping Networks for Major Changes to 'Overnight' Ratings Reporting

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As you can see, as of 2:15 p.m. GMT (or 9:15 a.m. Et/6:15 a.m. Pt), shares of Eto were trading

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