Elon Musk

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<p class="has-drop-cap">Elon Musk, the influential entrepreneur known for his ventures in technology and space exploration, has <a aria-label="expressed interest in acquiring Hasbro (NYSE: HAS) (opens in a new tab)" href="https://www.independent.co.uk/arts-entertainment/films/news/elon-musk-hasbro-transformers-dnd-b2655974.html" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">expressed interest in acquiring Hasbro (NASDA</a><a href="https://www.independent.co.uk/arts-entertainment/films/news/elon-musk-hasbro-transformers-dnd-b2655974.html" target="_blank" aria-label="expressed interest in acquiring Hasbro (NYSE: HAS) (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">Q</a><a aria-label="expressed interest in acquiring Hasbro (NYSE: HAS) (opens in a new tab)" href="https://www.independent.co.uk/arts-entertainment/films/news/elon-musk-hasbro-transformers-dnd-b2655974.html" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">: HAS)</a>. This interest is primarily driven by his desire to obtain the rights to the iconic role-playing game, Dungeons &amp; Dragons, which is owned by Hasbro’s Wizards of the Coast division.</p>
<p>Musk’s potential acquisition is part of a broader vision to <a href="https://www.yahoo.com/tech/elon-musk-says-too-many-211556806.html" target="_blank" aria-label="establish his own artificial intelligence video game studio (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">establish his own artificial intelligence video game studio</a>. Hasbro’s portfolio includes several well-known intellectual properties such as Transformers, My Little Pony, Nerf, and Monopoly, making it an attractive target for Musk’s expanding interests.</p>
<h3 id="tech-bro-eyes-hasbro-over-dungeons-dragons">Tech Bro Eyes Hasbro Over Dungeons &amp; Dragons</h3>
<p>Musk’s interest in Hasbro seems to have been ignited by recent debates surrounding the Dungeons &amp; Dragons 40th Anniversary book. The game has been a significant cultural phenomenon, and Musk’s engagement with it has sparked speculation about his plans to enter the gaming sector. <br><br>His public musings on X, his social media platform, have played a crucial role in fueling these speculations. Musk’s direct inquiry about Hasbro’s valuation on X further solidified the belief that he is seriously contemplating this acquisition. The entrepreneur’s foray into the gaming industry could potentially reshape it, especially with the integration of AI technologies.</p>
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<h3 id="market-reaction-and-stock-performance">Market Reaction and Stock Performance</h3>
<p>Following Musk’s comments, Hasbro’s stock experienced a notable uptick, increasing by over 3% at the time of writing. The company’s shares have shown a remarkable recovery, rebounding 25% this year after a previous 16% decline in 2023. As of the latest update, Hasbro’s stock was priced at $65.98, reflecting a 3.27% rise on the day. The market capitalization of Hasbro stands at $8.9 billion, highlighting its significant presence in the industry. Investors have responded positively to the potential acquisition, as indicated by the rise in Hasbro’s IBD Relative Strength Rating from 74 to 81.</p>
<p>Hasbro’s stock opened at $66.07 and fluctuated throughout the day, reaching a low of $65.60 and a high of $66.29. The stock’s 52-week range has seen a low of $45.87 and a high of $73.46, demonstrating its volatility over the past year. <br><br>Key financial metrics include a dividend rate of $2.8 and a yield of 4.38%, with a beta of 0.619 indicating moderate volatility compared to the market. The company’s <a href="https://tokenist.com/investing/p-e-ratio/" rel="noopener noreferrer nofollow" class="deco-link">forward P/E ratio</a> stands at 14.84, with a market cap of $9.19 billion. Analysts have given a “Buy” recommendation, with a target mean price of $79.59, suggesting optimism about its future performance.</p>
<p>The potential acquisition of Hasbro by Musk has generated considerable interest among investors and industry observers. With a target high price of $95.00 and a low of $64.00, analysts see room for growth in Hasbro’s stock value. <br><br>The company’s total revenue of $4.32 billion underscores its financial strength, while metrics such as the <a href="https://tokenist.com/investing/debt-to-equity-ratio/" rel="noopener noreferrer nofollow" class="deco-link">debt-to-equity ratio</a> and current ratio provide insights into its operational stability.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/dungeons-dragons-sparks-musks-interest-in-8-9b-hasbro-market-reacts/">Dungeons &amp; Dragons Sparks Musk’s Interest in $8.9B Hasbro, Market Reacts</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Dungeons & Dragons Sparks Musk’s Interest in $8.9B Hasbro, Market Reacts

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