Earlier this week, it was reported that the Walt Disney Company, on its present spending spree, was eye-balling toy-maker Hasbro as its next acquisition. But not so fast says a Hasbro insider.
In a report by the Providence Journal an anonymous source says that in the case of a Hasbro acquisition by Disney, there’s “absolutely nothing going on that they are aware of at all, in any way, shape or form.” Of course denial isn’t synonymous with refutation (ask your English teacher), but one has to wonder if there wasn’t some kind of truth to it, especially when industry watchers will tell you that Hasbro stock went up 6.5 per cent when the rumor was leaked Monday.
So even if Disney had not yet been considered Hasbro as a purchase, Hasbro’s Board has to now be wondering if it might not be a good idea for their bottom line. Meanwhile, several Wall Street analysts are speculating that if Disney is indeed pursuing Hasbro, they may hold off until movie licensing agreements with other studios like Paramount (Transformers, G.I. Joe) and Universal (Battleship) expire.
Obviously, we’ll keep you posted with the happenings.
Source: Transformers Live Blog