Entertainment One confirms sale offers

Company considering strategic options, which may include a sale, it says in a statement
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Entertainment One is considering a number of takeover offers, according to The Guardian.

Shares in the company rose 32 pence to 195 pence earlier today, after it confirmed the approaches to the London Stock Exchange.

JP Morgan Cazenove and Credit Suisse have been appointed to advise Entertainment One's board and look for further offers.

The firm's statement said: "The board of Entertainment One notes the recent press speculation and confirms that it is considering its strategic options, which may include a sale of the company in response to interest it has received from various parties."

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