Hasbro Buying Power Rangers, Other Brands in $522M Deal - NBC Southern California
National & International News
The day’s top national and international news

Hasbro Buying Power Rangers, Other Brands in $522M Deal

The buyout announced Tuesday includes My Pet Monster, Popples, Julius Jr., Luna Petunia, Treehouse Detectives and other brands

    processing...

    NEWSLETTERS

    Hasbro Buying Power Rangers, Other Brands in $522M Deal
    Daniel Zuchnik/Getty Images for Saban Brands
    Saban Power Rangers pose with fans during New York Comic Con 2017 Day on Oct. 6, 2017, in New York City. Toy manufacturer Hasbro is buying the Power Rangers, along with other brands, in an $522 million deal from Saban.

    Hasbro is buying the Power Rangers and some other toy brands from Saban Properties in a cash-and-stock deal valued at $522 million.

    The announcement comes after Saban Brands picked Hasbro Inc. as the master toy licensee for the Power Ranger line in February. The approximately $22.3 million Hasbro paid toward the licensing agreement will be credited to the acquisition.

    The Mighty Morphin Power Rangers, a television series about a group of teenagers that turn into superheroes, was created by Haim Saban, founder of Saban Brands.

    Aside from the Power Rangers, the buyout announced Tuesday includes My Pet Monster, Popples, Julius Jr., Luna Petunia, Treehouse Detectives and other brands. The first set of products from Hasbro will be available next spring.

    Journalist Catches Runaway Horse in Dramatic Footage

    [NATL] Journalist Catches Runaway Horse in Dramatic Footage

    Hayley Moore might have to add "horse wrangler" to her resume after the field reporter was caught on cam catching runaway horse during an assignment on a track in Chepstow, Wales. Moore stopped an out-of-control Give Em A Clump as the three-year-old horse ran straight towards her.

    (Published Thursday, May 24, 2018)

    The acquisition is expected to close in the second quarter.