Hasbro to acquire Saban Properties' Power Rangers and several other entertainment brands for $522 mln
The co and Saban Properties LLC announced that the companies have signed a definitive agreement for Hasbro to purchase Saban's Power Rangers and several other entertainment brands, including My Pet Monster, Popples, Julius Jr., Luna Petunia, Treehouse Detectives and others, in a combination of cash and stock valued at $522 million.
- Hasbro has previously paid Saban Brands $22.25 million pursuant to the Power Rangers master toy license agreement, announced by the parties in February of 2018, that was scheduled to begin in 2019. Those amounts are being credited against the purchase price. Under the terms of the purchase agreement, Hasbro will pay an additional $229.75 million in cash and will issue $270 million worth of Hasbro common stock for the Power Rangers brand and several other entertainment brands.
- The transaction, including intangible amortization expense, is not expected to have a material impact on Hasbro's 2018 results of operations.
- The first set of products from Hasbro will be available in spring 2019.