Wednesday, November 07, 2012
Hasbro Denies Disney Purchase Rumors
It seems that Wall Street caught up to Monday's rumors that Disney was considering bidding on Hasbro. The result was a 6.5% spike (+$1.62) on Hasbro stock the following Tuesday. Now the Providence Journal is reporting that Hasbro source say "absolutely nothing going on that they are aware of at all, in any way, shape or form." In addition, Wall Street analysts believe that if such a deal were to occur Hasbro would first have to end all its movie agreements with the other competing studios.