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Thunderbird Entertainment Group Inc ( (TSE:TBRD) ) has shared an announcement.
Blue Ant Media Corporation has completed its acquisition of Thunderbird Entertainment Group Inc. via a plan of arrangement, acquiring all outstanding Thunderbird shares in exchange for a mix of 5,857,979 Blue Ant subordinate voting shares and US$40 million in cash. The deal, described as strategic and accretive by Blue Ant, is intended to expand the combined group’s scale, enhance its content development and monetization capabilities across platforms, and deliver targeted cost synergies of US$7 million to improve operating efficiency and earnings power. Thunderbird’s CEO, Jennifer Twiner McCarron, will take on a senior leadership role in Blue Ant Studios, while Thunderbird’s shares are set to be delisted from the TSX Venture Exchange and withdrawn from OTCQX, effectively folding Thunderbird into Blue Ant’s corporate structure and reinforcing Blue Ant’s growth and long-term value creation strategy in the global media and content market.
The most recent analyst rating on (TSE:TBRD) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Thunderbird Entertainment Group Inc stock, see the TSE:TBRD Stock Forecast page.
Spark’s Take on TSE:TBRD Stock
According to Spark, TipRanks’ AI Analyst, TSE:TBRD is a Neutral.
Overall score reflects mixed financial performance led by balance-sheet strength but weighed down by weak cash-flow trends and declining revenue. Technicals are supportive due to the stock trading above key moving averages, though overbought RSI tempers the outlook. Valuation is moderate with a P/E of 20.62 and no dividend yield data to provide additional support.
To see Spark’s full report on TSE:TBRD stock, click here.
More about Thunderbird Entertainment Group Inc
Thunderbird Entertainment Group Inc. is a content production company focused on developing and producing animation, kids, and young adult programming, along with other scripted and unscripted content for multiple platforms. The company leverages its intellectual property to reach global audiences, and its alignment with Blue Ant Media’s operations positions it within a broader media and entertainment group with expanded financial and operational scale.
Average Trading Volume: 158,039
Technical Sentiment Signal: Sell
Current Market Cap: C$81.73M
Find detailed analytics on TBRD stock on TipRanks’ Stock Analysis page.