TOLDJA! Canada's eOne Confirms It Will Acquire Alliance Films For $230M

A deal has been brewing for some time between the Canadian giants. In May, Deadline reported word was spreading about a hookup during the Cannes Film Festival, and eOne later confirmed it was in talks to buy rival Alliance. Today’s announcement comes just as the Toronto Film Festival is getting underway where both companies are handling a host of titles. The merger will create a group with reach across Canada, the UK, Benelux, Australia, the U.S. and Spain. EOne has The Twilight Saga: Breaking Dawn Part 2 coming up and purchasing Alliance will give it Canadian rights to 11,000 titles including The Hunger Games. A deal is subject to regulatory approval. Here’s the press release on the proposed acquisition:

TORONTO, ONTARIO – Today the Board of Entertainment One Ltd. (LSE:ETO) (“eOne” or “the Group”) announces that it has entered into an agreement to acquire Alliance Films, a leading independent distributor of filmed entertainment products in Canada, the United Kingdom and Spain, from affiliates of GS Capital Partners and Investissement Québec for approximately CAD$225 million. (more…)

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