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DHX Media up for sale

DHX Media has launched a strategic review, listing itself for sale following disappointing financial results this year.

Earlier this year the firm purchased a controlling stake in Snoopy and Peanuts brands for $345 million, as well as Strawberry Shortcake, which joined Teletubbies in its stable of brands.

"There can be no assurance that the exploration of strategic alternatives will result in a transaction," the Canadian company said in a statement.

The company is now exploring a possible sale of the company or a merger, to prop up the disappointing results.

In recent years the firm has further bolstered their library by acquiring Canadian rival Cookie Jar Entertainment, along with the Arthur, Caillou, and Care Bears properties. They also own Teletubbies creators Ragdoll Worldwide.

About Robert Hutchins

Robert Hutchins is the editor of Licensing.biz and ToyNews. Hutchins has worked his way up from Staff Writer to the position of Editor across the two titles, having spent some six years with both ToyNews and Licensing.biz, and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@bizmedia.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobHutchins3 if ranting is your thing...

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