In June 2022, Hasbro defeated a board challenge from activist investor Alta Fox Capital Management LLC. The hedge fund company, which owns a 2.5% stake of Hasbro, had been pushing to spin out Wizards of the Coast "into its own company in an attempt to create what they saw was more value by making a second publicly traded company with a more profitable line of business". On November 17, 2022, Hasbro announced they had put Entertainment One up for sale. This includes their film and TV business but would exclude the company's kids and family division, which would remain under Hasbro. On March 15, 2023, it was reported that Fremantle, Lionsgate and Legendary Entertainment are interested in the buyout. However, Fremantle dropped out of the bid while CVC Capital Partners and GoDigital Media Group joined in the bid for the eOne buyout. On April 20, 2023, it was reported that Hasbro was in talks with Throop on the possibility of buying the company back. On July 17, 2023, Deadline reported that Lionsgate was a frontrunner to acquire eOne.
In June 2022, Hasbro defeated a board challenge from activist investor Alta Fox Capital Management LLC. The hedge fund company, which owns a 2.5% stake of Hasbro, had been pushing to spin out Wizards of the Coast "into its own company in an attempt to create what they saw was more value by making a second publicly traded company with a more profitable line of business". On November 17, 2022, Hasbro announced they had put Entertainment One up for sale. This includes their film and TV business but would exclude the company's kids and family division, which would remain under Hasbro. On March 15, 2023, it was reported that Fremantle, Lionsgate and Legendary Entertainment are interested in the buyout. However, Fremantle dropped out of the bid while CVC Capital Partners and GoDigital Media Group joined in the bid for the eOne buyout. On April 20, 2023, it was reported that Hasbro was in talks with Throop on the possibility of buying the company back. On July 17, 2023, Deadline reported that Lionsgate was a frontrunner to acquire eOne