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It seems like just an instant after it was announced, but the bid of Hasbro for Dreamworks just isn’t going to pan out, according to Hollywood Reporter. What was to blame was the performance of Hasbro’s stock on the announcement and Dreamworks’ asking price.
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Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
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Recently, Softbank’s offer from Dreamworks also went up in smoke. Analysts felt Dreamwork’s price tag for a Hasbro takeover was too high at $35 per share. Hasbro’s stock declined 4% on the announcement. The marriage seemed to be a good one, with Hasbro wanting to further diversify into films and Dreamworks suffering of late. It is hard to know who is the real loser of this deal, but look, it ain’t happening.
