HIT Entertainment Agrees to Buyout
Thomas the Tank Engine-producer HIT Entertainment will be purchased by venture capital firm Apax Partners in a $934 million deal, according to AWN. Talpa Media, HIT’s second-largest shareholder, is reportedly supporting the deal but also seeking an agreement that would give it distribution rights to HIT brands in the Benelux countries.
HIT recently reported a slide in both profits and earnings and fired its CEO.
[Additional source: World Screen News]