Hasbro To Sell EOne Music Division To Blackstone For $385 Mln

(RTTNews) - Hasbro Inc. (HAS) Monday said it has agreed to sell eOne Music business to private equity company Blackstone Group Inc. for $385 million in cash. eOne Music will now operate as a separate business unit headed by its current Global President, music industry veteran Chris Taylor. It will focus on building a creator-first music brand with global scale and expertise.