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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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.