Entertainment One ready to close Alliance deal
$225-million purchase goes unchallenged by Competition Bureau
The Canadian Press
Posted: Jan 3, 2013 5:44 PM ET
Last Updated: Jan 3, 2013 5:42 PM ET
Entertainment One is close to finalizing its $225-million purchase of Alliance Films, distributor of movies including the recent sci-fi hit Looper. (Sony Pictures/Alliance Films)
The proposed $225-million takeover of Alliance Films by Entertainment One has cleared a key regulatory hurdle.
eOne says a waiting period required under Canadian law has passed without intervention by the federal Competition Bureau.
Entertainment One says it will now move to close the deal as soon as possible.
eOne specializes in the acquisition, production and distribution of film and television content in Canada, the United States and several other countries.
Alliance Films is one of the top five independent filmed entertainment companies in the world and is a leading film distributor, co-financier and producer.
Among its recent films is Looper — a sci-fi action film about time travel.
© The Canadian Press, 2013
Share Tools
Big Box Advertisement
Jedward on the MMVA red carpet by Laura Thompson Jun. 17, 2013 12:48 PM Cheerful pop duo Jedward had much to say to CBC News on the red carpet Sunday night at the Much Music Video Awards in Toronto. A lot of their excitement came from seeing Avril Lavigne, complete with spiky hairband. Check out the Irish twins in this video clip.
Top News Headlines
- Obesity now recognized as a disease
- The American Medical Association has voted to recognize obesity as a disease, while doctors in Canada say they also treat it as such. more »
- Neil Macdonald: Washington's obsession with leakers
- Julian Assange and Edward Snowden are just the most prominent targets in an all-out legal and propaganda campaign that America's security apparatus is mounting against leakers everywhere, Neil Macdonald writes. more »
- Caregiving dads stigmatized at work suggests UofT study
- Fathers who participate in child rearing and housework are likely to be labeled slackers and "failed men" at work, according to a study spearheaded by researchers at the University of Toronto and Long Island University. Are active dads the norm at your workplace? more »
- Dozens of children seized from Manitoba Mennonite community
- Child welfare authorities have removed all but one child from a small Mennonite community in rural Manitoba. more »
Must Watch
Latest Arts & Entertainment News Headlines
- Guillermo del Toro calls Pacific Rim a family movie
- Director Guillermo del Toro' monsters vs. machines movie Pacific Rim is a summer spectacle that sets out to be different from other movies of its kind. more »
- Laval's corrupt image scares off choral festival sponsors
- The founder and driving force behind Laval, Que.'s annual international choral festival says allegations of corruption at Laval city hall have driven away some of the festival's sponsors. more »
- Dolce and Gabbana convicted of tax evasion
- A Milan court has convicted fashion designers Domenico Dolce and Stefano Gabbana of tax evasion, finding the pair guilty of failing to declare €1 billion ($1.37 billion Cdn) in income to authorities. more »
- Joni Mitchell plays rare performance at Luminato tribute
- Joni Mitchell took to the Massey Hall stage, kicked off her shoes and gave the adoring audience an unexpected — and exceedingly rare — public performance as part of a tribute concert on Tuesday night. more »
Q Blog
Guillermo Del Toro's Monsters Jun. 19, 2013 1:47 PM The award winning director stops by Studio Q to chat about his upcoming blockbuster Pacific Rim.
CBC Books
This summer's must-read mysteries Jun. 19, 2013 6:02 PM If you like a good thriller or whodunit to read while basking in the sun, then this roundup of books is for you!
- Bob Rae quits as MP in 'very emotional' decision
- Wearing a mask at a riot is now a crime
- 2 men jailed in Dominican wedding fight back in Canada
- B.C. teacher duct-taped students' mouths
- Obesity now recognized as a disease
- Half of First Nations children live in poverty
- Huge ancient city at Angkor Wat revealed by lasers
- Are e-cigarettes safe to puff?
- How open is Ottawa's new 'open data' website?
