Hasbro buys Power Rangers property
Reports suggest hit property one of a number acquires through $522m package deal
Hasbro is purchasing the Power Rangers from Saban Brands in a bundle deal worth $522m in combined cash and stock, according Associated Press sources.
The purchase follows the February appointment of Hasbro as master toy partner of the mighty morphine' property. That deal was worth $22.3m, which will go towards the new agreements payment.
My Pet Monster, Popples and Julius Jr. are among Saban's other brands rolled into the package, alongside Luna Petunia, Treehouse Detective and a number of lesser known names.
The acquisition, which is yet to be officially announced by either parties, is expected to complete in Q2.