DHX Media, the Halifax-based company behind Peanuts, Teletubbies, Caillou, and the Degrassi franchise is exploring its financial options after its stock took a hit last week due to poor financials.
According to a press release, options include the sale of part or all of the company, a sale of some of its assets or a merger with another company.
The company has said it’ll form a special committee in order to explore all options.
There is not a timetable for this process and it’s not assured that any result will result in a sale.
Earlier this year, DHX Media acquired the rights to Peanuts and Strawberry Shortcake franchises for $345 million.
The deal was made for 80 per cent of Peanuts and 100 per cent of Strawberry Shortcake.
The remaining 20 per cent interest in Peanuts will continue to be held by members of the family of creator Charles Schulz.