Multi-national content company Entertainment One (E1) is planning a reverse takeover of Canadian television producer and distributor DHX Media, a move that will give E1 a listing on the Toronto Stock Exchange. E1 currently trades on the Alternative Investment Market (AIM), a sub-market of the London bourse.
E1 CEO Darren Throop will be appointed CEO of the combined business, which retains the E1 trademark. Senior DHX executives will report to the television division under E1's president of Filmed Entertainment, Patrice Theroux. The $65m (C$68m, Euros 45m) transaction requires the approval of shareholders from both companies.
DHX has one of the world's largest libraries of independently-produced children's content and over 200 customers worldwide, including: Nick Jr., Cartoon Network, Disney and Canal J.