HALIFAX, June 4, 2019 /CNW/ - DHX Media (or the
"Company") (TSX: DHX, NASDAQ: DHXM) confirms that it is aware of
the announcement by Sakthi Global Holdings that it has made an
unsolicited merger proposal to DHX Media.
DHX Media has received communication of this proposal from
Sakthi Global Holdings. At this time, Sakthi Global Holdings
has not responded to questions from DHX Media and DHX Media has not
been able to verify the ability of Sakthi Global Holdings to carry
out a transaction. DHX Media's board of directors (the
"Board") will consider and evaluate any formal offer that is
received in due course. There can be no certainty that a
transaction will take place with Sakthi Global Holdings or any
other party.
DHX Media will update the market as warranted.
About DHX Media
DHX Media Ltd. (TSX: DHX, NASDAQ:
DHXM) is a global children's content and brands company, recognized
for such high-profile properties as Peanuts, Teletubbies,
Strawberry Shortcake, Caillou, Inspector Gadget, and the
acclaimed Degrassi franchise. One of the world's foremost
producers of children's shows, DHX Media owns the world's largest
independent library of children's content, at 13,000 half-hours. It
licenses its content to broadcasters and streaming services
worldwide and generates royalties through its global consumer
products program. Through its subsidiary, WildBrain, DHX Media
operates one of the largest networks of children's channels on
YouTube. Headquartered in Canada,
DHX Media has offices worldwide. Visit us at
www.dhxmedia.com.
Disclaimer
This press release contains
"forward-looking statements" under applicable securities laws with
respect to DHX Media including, without limitation, statements
regarding the announced merger proposal by Sakthi Global Holdings.
Although the Company believes that the expectations reflected in
such forward-looking statements are reasonable, such statements
involve risks and uncertainties and are based on information
currently available to the Company. Actual results or events may
differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results
or events to differ materially from current expectations, among
other things, include receipt of additional information regarding
the merger proposal and Sakthi Global Holdings other factors
discussed in materials filed with applicable securities regulatory
authorities from time to time including matters discussed under
"Risk Factors" in the Company's most recent Annual Information Form
and annual Management Discussion and Analysis, which also form part
of the Company's annual report on Form 40-F filed with the U.S.
Securities and Exchange Commission. These forward-looking
statements are made as of the date hereof, and the Company assumes
no obligation to update or revise them to reflect new events or
circumstances, except as required by law.
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SOURCE DHX Media Ltd.