Key Takeaways
- Hasbro stock rose by 2% after Elon Musk tweeted he might consider buying the company.
- Musk has taken issue with some of the content of a recent Dungeons and Dragons book that distances Hasbro from the original creator of the franchise.
As a seasoned gamer with decades of experience under my belt, I can’t help but find myself intrigued by the latest twist in the gaming industry. Elon Musk, the tech mogul known for his audacious ventures, has once again stirred up a storm, this time hinting at a potential acquisition of Hasbro. Now, I’ve seen many a surprise move in my time, but this one takes the cake!
The stock of Hasbro appears to have gained some momentum following Elon Musk’s latest comment about potentially acquiring the company. However, it remains uncertain if Musk is genuinely contemplating an acquisition of Hasbro at this time.
More recently, a book published by Hasbro for the 40th anniversary celebration of the Dungeons & Dragons (DnD) franchise, titled “Making of Dungeons and Dragons“, has sparked controversy among some readers, including billionaire entrepreneur Elon Musk. The book’s content suggests that the original version of DnD contained language that could be considered insensitive and derogatory towards women, minorities, and certain groups. This portrayal seems to have irritated Musk, who expressed his disapproval on Twitter on November 22 by defending the creators of DnD, stating: “No one should tarnish the reputation of E. Gary Gygax and the brilliant minds behind Dungeons and Dragons.” In a subsequent tweet, he voiced a stronger sentiment towards Hasbro and its subsidiary Wizards of the Coast, the publishers of DnD media, stating: “May they suffer in the depths of hell.
In the following six days, Elon Musk hinted at a potential acquisition of Hasbro by posing a question about its purchase price on Twitter. This casual remark could have caused a surge in the company’s stock, as it increased by two points during the abbreviated trading session on November 29, after Thanksgiving. While stock prices are typically influenced by numerous variables, it’s plausible that Musk’s interest in Hasbro significantly affected the recent value of its shares. More precisely, his tweet might have added approximately $160 million to Hasbro’s market capitalization. It remains to be seen if this price will remain stable when trading resumes on December 2.
Hasbro Acquisition Would Give Musk Control of Much More Than Just DnD
Buying Hasbro would place control in Elon Musk’s hands beyond just ‘Dungeons & Dragons’. Based in Rhode Island, the company also owns ‘Magic: The Gathering’, ‘Transformers’, ‘Monopoly’, ‘Peppa Pig’, ‘Power Rangers’, ‘My Little Pony’, and ‘Cluedo’, among many other well-known brands. Although Musk hasn’t yet disclosed specific acquisition plans, his casual comments about buying Hasbro should not be underestimated. Musk’s pursuit of Twitter started with quiet whispers and seemed doubtful until it was finally completed.
Elon Musk’s recent declaration involves launching an AI-focused game studio under his xAI company, as he believes the current market is dominated by too many large corporations. He aims to revitalize the gaming industry with this venture, but details regarding its specifics remain unclear.
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2024-12-01 15:43