Hasbro has scooped up Sabands brands, including the ever-growing Power Rangers. They have previously held the license to produce toys of everyones favorite mighty morphin nostalgia bombs, but with this they will have full control of it going forward. Considering the huge amount of media the company has started pumping out with Hasbro Studios, it seems like a pretty good plan in the end.
Altogether, the buyout will cost Hasbro 522 million, with 270 of that being Hasbro common stock.
They still need to obtain regulatory approvals and work out the specific legal details, but as far as anyone is concerned, this is a done deal
Thanks to Andrew, Central Man, Jeffrey, and everyone else for sending it.
