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06-24-2010, 01:10 AM | #1 |
Crimson Guard
Join Date: Nov 2008
Posts: 3,952
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Originally posted by Shin Densetsu @ Toyark.com under Toyark Spotlight.
Quote:
According to the Wall Street Journal, Hasbro may be offering itself up for sale in a leveraged buyout to Providence Equity Partners, which would result in taking the company private. There is speculation that the buyout is going through, while by the same token, there is also rumors that the buyout talks came to a halt in recent weeks.
The WSJ reports that: A leveraged buyout of Hasbro, an S&P 500 company that owns the G.I. Joe, Transformers and Nerf brands, would mark the year's largest private-equity deal. In recent years, Hasbro has strove for more multimedia tie ins, with movie products from properties such as TFW2005 proving to be very profitable and successful even after the movies have hit DVD. Along with hits, there have been some misses as well. So have at it Toyark'ers, would a leveraged buyout be a good thing, or bad thing for Hasbro's properties?
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06-24-2010, 01:15 AM | #2 |
Filecard Maker
Join Date: Feb 2007
Location: NJ
Posts: 7,300
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Ohhhh maybe I'm panicking, but buy out means changes as new people are brought in.
This could mean a new infusion of cash and could help the lines out...or which is usually the case in these things...it looks good on paper but the new people in charge have no idea how to run a toy company. No sir...I am not liking this. |
06-24-2010, 01:20 AM | #3 |
Banned
Join Date: Aug 2007
Location: Hiding from the ROC Police
Posts: 14,738
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yea I saw this at another site. I hope it doesn't go thru. Change is normally bad when it comes to this sort of thing.
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Monkeywrench |
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06-24-2010, 01:23 AM | #4 |
Crimson Guard
Join Date: Dec 2009
Location: Rhode Island
Posts: 2,962
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^^^This. Relax. Hasbro has caught fire in recent years. Movies, Toys, Snagging the Marvel Line from Toybiz. It's not trying to be bought out because it's in trouble. Sorry the Guy who posted first after the article. My quote feature failed me.
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06-24-2010, 01:26 AM | #5 |
Hisstank.Com General
Join Date: May 2008
Location: Edmonton, Canada
Posts: 9,585
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Quote:
Still... I remember when Sammy bought out Sega, Sega was just on the verge of expanding several of it's video game franchises in a big way... but when Sammy took over teams were dissolved and moved around massive projects were dropped and Sega was retasked to work on arcade machines rather then console games. Change is always something to pay attention too. But on the other hand sometimes you hardly noticed like with Disney buying marvel. |
06-24-2010, 01:29 AM | #6 |
Groovy
Join Date: Sep 2007
Location: Smithfield, NC
Posts: 1,662
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Change could be good. Sometimes I'm not sure the current Hasbro staff completely grasps what they own. I still want to know how a company loses the ability to call one of its iconic toys "Water Moccasin".
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06-24-2010, 01:30 AM | #7 |
Iron Grenadier
Join Date: Jun 2008
Location: CA
Posts: 856
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If your happy with how things are going, then change is not good. If you are not, then it is. In this case, who knows.
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06-24-2010, 01:36 AM | #8 |
Cobra Peeping Tom
Join Date: Sep 2007
Location: IN THE JUNGLE OF CA...
Posts: 4,345
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I don't how this is going to affect our beloved toy lines, but I hope they keep the current PoC designers and staff.
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06-24-2010, 02:01 AM | #9 |
Cobra puppet therapist
Join Date: May 2009
Location: Area 51, Nevada
Posts: 10,127
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What worries me about this proposed buyout is not the fact that Hasbro would sell, but who they are selling to. Private equity firms are a bunch of rich investors who pool their money together. Their one and only interest is to make a quick return on investment. They honestly don't care what happens to the brand or the product because they are not in it for the long term.
I worked for one of the largest companies in the world and witnessed first hand what happens when a company is bought out by a private equity firm. They will offer the stock holders a buyout at a 12% increase of stock prices, take the company private, increase profits buy cutting pay and benefits and lowering production costs, then go public again. The investors will get stock options at a price below the IPO, everyone makes money. When the stock goes 15% above the IPO, they sell off the stock and dump Hasbro. Hasbro gets left with the task of restructuring. Private equity firms are generaly the lowest form of corporate greed. |
06-24-2010, 03:22 AM | #10 |
Scarred Cobra Officer
Join Date: Oct 2007
Location: New Jersey
Posts: 4,612
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I own shares of Hasbro. I would vote down the deal if it came to a shareholder vote. I don't see how a private equity firm will benefit a successful toy company like Hasbro. It seems the inside officers are getting greedy and want to buy out the company. But if they paid me a mega scalper scale price enough maybe I'll change my mind.
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