ROW Entertainment Acquires Video One Canada

Video One Canada--a Canadian distributor of home movies, and game software, hardware, and accessories--has been sold. ROW Entertainment Income Fund entered an agreement today to purchase the property from Video One’s parent company, Standard Broadcasting Corporation Ltd. The agreement cites a sell price of $74 million, with one-half of that in cash and the rest in “units of the Income Fund,” according to the press release from Standard Broadcasting. The companies expect to seal the deal August 31. "The acquisition … will enhance our position as one of the leading suppliers of home entertainment products in Canada. Our combined customer base and complementary product offerings, together with our combined market positions, provide a solid platform for continued success," said President and CEO of ROW Entertainment Darren Throop in the release.