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WildBrain ( (TSE:WILD) ) has shared an announcement.
WildBrain has agreed to sell its 41% stake in Peanuts Holdings LLC, owner of the Peanuts intellectual property, to Sony Music Entertainment (Japan) and Sony Pictures Entertainment for $630 million in cash, while the Schulz family retains its 20% stake. The transaction will allow WildBrain to fully repay its senior secured credit facility, eliminate all debt, generate over $40 million in surplus cash and save about $50 million annually in interest, freeing capital for investment in its own high-growth franchises, expansion of its digital ad-supported platforms and emerging technologies, while maintaining a multi-year partnership with Sony to continue as licensing agent, exclusive production studio for new Peanuts content under its Apple TV deal, and distributor of WildBrain-produced Peanuts programming.
The most recent analyst rating on (TSE:WILD) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on WildBrain stock, see the TSE:WILD Stock Forecast page.
Spark’s Take on TSE:WILD Stock
According to Spark, TipRanks’ AI Analyst, TSE:WILD is a Neutral.
WildBrain’s overall stock score is primarily impacted by its financial performance and valuation concerns. The company faces significant financial challenges with high leverage and negative profitability. Technical analysis indicates a neutral to slightly bearish trend, and the lack of earnings call and corporate events data limits further insights. Investors should be cautious due to the high financial risk and valuation concerns.
To see Spark’s full report on TSE:WILD stock, click here.
More about WildBrain
WildBrain Ltd., listed on the TSX under the ticker WILD, is a global leader in family entertainment that manages and produces children’s and family content and brands. The company focuses on wholly owned franchises such as Strawberry Shortcake and Teletubbies, operates a premium digital content network spanning YouTube, FAST and AVOD platforms, and provides franchise management, consumer products licensing, production and distribution services worldwide.
Average Trading Volume: 89,240
Technical Sentiment Signal: Sell
Current Market Cap: C$294.8M
For detailed information about WILD stock, go to TipRanks’ Stock Analysis page.