148 views 0 comments

HIT Entertainment Agrees to Buyout

by on March 23, 2005

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]

Related Content from ZergNet:

Be the first to comment!
Leave a reply »


You must log in to post a comment