Valued at approximately £2.9b, the acquisition has now been signed off, according to a statement from Hasbro.

Hasbro chairman and CEO, Brian Goldner, commented: “We are excited about what we can do together and see tremendous opportunity for shareholder value creation through this acquisition. 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 pre-school 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.”

Hasbro also expects to redeem eOne’s outstanding senior secured notes and to settle outstanding debts under eOne’s revolving credit facility. Combined, this represents approximately £0.6b of eOne’s indebtedness

Darren Throop, president and chief executive officer of eOne, will now report to Brian Goldner. Former colleagues Olivier Dumont, president, Family & Brands, Steve Bertram, president, Film & Television, and Chris Taylor, global president, Music, will also be joining Hasbro and will report to Darren.