We highlighted speculation that Disney was in line to buy Hasbro a few days ago (read that here). However, Hasbro is denying that such a purchase is taking place, or was ever even discussed.
As a result of the potential news, Hasbro stocks rose 6.8% the following day. But as cool as it would be to see Disney take over one more piece of the entertainment world, CNBC analyst David Faber said Hasbro’s advisors stated “there’s absolutely nothing going on that they are aware of at all, in any way, shape or form” between the two companies.
If more comes out on this we’ll be sure to post it.