WildBrain (TSE:WILD) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
WildBrain has agreed to sell a majority stake in its television broadcast business to IoM Media Ventures, a Canadian-owned children’s studio, to simplify its operations and focus on key franchises. The transaction is expected to yield over $40 million for WildBrain, helping to pay down debt while retaining a minority stake in the channels. The deal awaits regulatory approval and aims to maintain the current management and workforce during the transition.
For further insights into TSE:WILD stock, check out TipRanks’ Stock Analysis page.
