Hasbro stock gets boost from Elon Musk.

Key Takeaways

Hasbro shares rose 2% after Elon Musk tweeted that he might consider buying the company.
Musk has taken issue with some content in recent Dungeons and Dragons books, distancing Hasbro from the original creators of the franchise.

Hasbro The stock appears to have risen recently due to suggestions that Elon Musk might consider acquiring the company. It is currently unclear whether Musk is seriously considering acquiring Hasbro.

The billionaire entrepreneur recently took issue with some of the following: Dungeons and Dragons ProductionsThis book was published by Hasbro to commemorate its 40th anniversary. D&D franchise. In one section of the book D&D It is deemed to contain “insensitive and derogatory” language that may be hurtful to women, minorities and some other groups. Musk seemed to have taken offense to the phrase, saying in a November 22 tweet that “no one can abandon E. Gary Gygax and the geniuses he created.” dungeons and dragons.” referring to Hasbro and its subsidiary Wizards of the Coast. D&D “I hope they burn in hell,” he told media outlets.

relevant

Asmongold comments on Twitch being sued by Elon Musk

Popular content creator Asmongold shares his thoughts on the lawsuit filed by Elon Musk against several companies, including Twitch.

Six days later, Musk publicly asked for a price on Twitter, suggesting he might buy Hasbro. The comments likely caused the company's stock price to rise 2 points during the shortened trading period on Nov. 29, after Thanksgiving. Stock movements tend to be driven by a variety of factors, but the fact that the world's richest man has expressed interest in Hasbro has probably had a significant impact on the company's stock price recently. More specifically, Musk's tweet likely added more than $160 million to Hasbro's market capitalization. It is not yet known whether these prices will remain when trading resumes on December 2.

The Hasbro acquisition will give Musk control over more than just DnD.

Acquiring Hasbro would give Musk control over more than just that. dungeons and dragons. The Rhode Island-based company also Magic: The Gathering, transformer, monopoly, Peppa Pig, power rangers, my little ponyand ClouedoAmong many other popular franchises. Although the billionaire entrepreneur hasn't detailed his specific acquisition plans, his public thoughts on buying Hasbro shouldn't be ignored. Musk's acquisition of Twitter began similarly quietly and seemed uncertain until it was finally completed.

The current situation is related to Musk's recent announcement that he wants to start an AI game studio. The 53-year-old took to Twitter on November 27 to claim that “big corporations” own “too many game studios” these days. This situation led him to declare that the xAI company would be starting an AI game studio to “make games great again.” Musk did not elaborate on what this actually means.

Source: Elon Musk/Twitter