On the back of the recent rumors that talks were underway between Hasbro and Disney about a possible Disney buyout of Hasbro, the Providence Journal reports a spike in Hasbro share prices. More importantly, there is also the closest we are likely to get to an official comment on matters right now:
Hasbro declined comment [in the Disney purchase rumor], citing its policy of not talking about rumor or speculation. CNBC analyst David Faber reported that Hasbro’s advisors told him there’s “absolutely nothing going on that they are aware of at all, in any way, shape or form” involving Hasbro or Disney.
Wall Street analysts said a Disney acquisition didn’t make much sense, just after Disney agreed to buy Lucasfilm Ltd. for $4.05 billion. And for any deal to happen, Hasbro would have to dissolve agreements with Disney’s competitors.
So there you have it. For now, consider the rumors of a Disney buyout debunked.
Burnout
I somehow doubt Disney woulda done much better than Bay when it comes to the films.
Autovolt 127
I guess so…..
Or they can crame all of the Old Marvel Cartoons on to the HUB.
TFW10
Thanks for answering.
The reason why I asked because a similar situation happened years ago when a corporation's CEO said it will "merge with another company" in actuality the corporation didn't.
The CEO only said that to boost its stock and popularity.
Scorpio
Same here. If it was Transformers would have probably gotten the reboot it deserves instead of letting Bay make the next three films.
General Magnus
See Female Giraffe, you need to make sense. I´m no psychologist but it seems you project issues onto me. But coherent texts are important. And like Hot shop said, you apparently dodge issues a lot.
Sportimus
Probably much further than anyone of us would want to go. lol
I'm glad it was only a rumor and nothing more. I have nothing personal against Disney, but I would prefer quit while ahead and leave Hasbro alone.
Ravage101
Awh Damn Well it was a nice rumor…while it lasted
Bulkhead
It rose on the rumor but is slowly shrinking again. Over the past 30 days, the stock's high was $39.25. Right before it's earnings report, Hasbro's stock closed around $38.25. The day after the earnings report, it dropped to $36.75 and bottomed out a few days later around $35.50. On the trading day before the rumor was challenged, it climbed to around $38. The rumor was challenged and the stock started to slide, closing at $37.75. It dipped today to $37.25. Even with the rumor, it still hasn't fully recovered from the earnings report.
Hot Shot.
Golly, Female Giraffe. You even dodge issues like a politician.
Thundercrackers
I really didn't want this to happen anyway, I like the way the hasbro shows and movies are being done currently.
like i said before in my last post, Viacom/Paramount, you'd be wise to get up and do something stock-wise here….
YoungPrime
You keep track of that?
Wow you're full of surprises.
But I wont judge. Since I'm sure this news that Disney is buying Hasbro is false is depressing enough.
I feel ya brother.
General Magnus
Aww how cute, you´re in love with me. Well, we can always move to Maryland, it´s now legal there.
YoungPrime
Hahaaa! You da man GM!
YoungPrime
Look if you wanna be best friends on this site that's cool. I mean who doesn't….
But look I can't give you all my attention since General Magnus is always "Urking Lay"
So keep your responses to a minimum and lest get back to the topic and hand on how we all think Disney-formers would've been epic.
OKay?
General Magnus
Ah the failed attempt of a failed comedian who has nothing to useful to say. Thank you for everything you post.
YoungPrime
So the Bay-former was really a Gizmoduck-former that was really a Mask-former?
Man how far down the rabbit hole does this go???!
YoungPrime
I'd assume the half that's worth mentioning would be. Mickey would just have the other half destroyed.
YoungPrime
Well, you seem to like'em.
It's almost like you have my post under Google Alerts or something……
But hey, I can't stay mad at you cuz you're my bestest buddy here right and I know you mean well. So I know you'll have my back during any discussion.
So sleep good handsome profile!
TFW10
I haven’t watched to stocks recently but during this rumor between Hasbro and Disney has Hasbro’s or Disney’s stock rose or fell?
soundwave142
is disney did buy hasbro would the hub become "hub disney?"