DHX Media to acquire DHX Media
HALIFAX - DHX Media (DHX.A, DHX.B) has signed a definitive agreement to buy DHX Media (DHX.A, DHX.B), for $1.2 billion. DHX will pay $10 a share for DHX, in effect solidifying its increasing dominance over the Canadian children's television industry.
"This is a great day for us here at DHX," said DHX CEO Dana Landry. "Our purchase of DHX marks the culmination of our incredible transformation, and will ensure that DHX remains competitive for years to come."
DHX's shares will disappear upon its acquisition of DHX, allowing the company to transcend our notion of what does and doesn't actually exist, and become eternal. Triumph is upon them. Terror is upon us.
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