WildBrain to Sell Its 41% Stake in Peanuts to Sony for $630 Million #Cosmetics #Entertainment #Film #Makeup #Movies #Television #TV #TSX #Investing

Strategic transaction crystallizes the brand's substantial value creating opportunity to accelerate growthFully de-levers WildBrain's balance sheet, eliminating all debt and saving approximately $50 million in annual interest payments and leaving over $40 million cash surplusAllows reinvestment in high-growth, cash-accretive opportunities across wholly owned franchises, premium digital network, and innovative technologiesWildBrain retained by Sony as key partner with multi-year Peanuts service...


http://dlvr.it/TPvWny

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