Blue Ant Media to Acquire Thunderbird Entertainment for $89 Million

Thunderbird Entertainment Group Inc ( (TSE:TBRD) ) just unveiled an announcement.

Blue Ant Media Corporation has announced its acquisition of Thunderbird Entertainment Group Inc., a strategic move expected to enhance Blue Ant’s financial and operational scale. The transaction, valued at approximately $89 million, aims to deliver immediate financial benefits, including strong earnings and cash-flow accretion per share, and significant cost synergies. This acquisition is anticipated to strengthen Blue Ant’s studio business, enhance content monetization, and create a powerful platform for future growth, benefiting shareholders of both companies.

The most recent analyst rating on (TSE:TBRD) stock is a Buy 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 Outperform.

Thunderbird Entertainment Group Inc is on a strong upward trajectory with solid financial performance and strategic growth initiatives. While the company faces industry challenges, its robust financial health and strategic positioning suggest continued potential for growth.

To see Spark’s full report on TSE:TBRD stock, click here.

More about Thunderbird Entertainment Group Inc

Thunderbird Entertainment Group Inc. is an award-winning, full-service multiplatform production, distribution, and rights management company. It operates in the media and entertainment industry, focusing on creating and distributing content across various platforms.

Average Trading Volume: 56,342

Technical Sentiment Signal: Sell

Current Market Cap: C$49.07M

Find detailed analytics on TBRD stock on TipRanks’ Stock Analysis page.