RUMOR: Disney Buying Hasbro?

danlb_2000

danlb_2000

Premium Member
choco choco said:
That's not even remotely accurate. Their 2011 Financial Report states a Net Income of 4.8 billion. I'm guessing they are issuing more stock and going into more debt. But I can't believe that the Board of Directors is happy with a CEO on his way out suddenly deciding to let the company's spending run amok.
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According to an article on the aquisiton:

"The companies said Disney would pay approximately half of the purchase price in cash, and would issue about 40 million shares of stock to cover the balance when the deal closes. "
 
GLaDOS

GLaDOS

Well-Known Member
danlb_2000 said:
Doubt they have enough cash to do that. Although Comcast's stock price is lower, it's a bigger company by pretty much every other financial measure.
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Yup. Considering Comcast was trying to buy Disney only 8 years ago.

And again, if this deal does happen, people need to look beyond the theme parks. I know we're a theme park site here, but a move like this won't be made for them, just as the Star Wars deal wasn't for the theme parks. There could be some fringe benefits for the parks, but you're not going to see Transformers, GI Joe, and My Little Pony showing up in the parks any time soon if this happens.
 
MichWolv

MichWolv

Born Modest. Wore Off.
Premium Member
choco choco said:
That's not even remotely accurate. Their 2011 Financial Report states a Net Income of 4.8 billion. I'm guessing they are issuing more stock and going into more debt. But I can't believe that the Board of Directors is happy with a CEO on his way out suddenly deciding to let the company's spending run amok.
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A deal this big would require Board approval, so they got nobody to blame but themselves if it happens.

As for funding, I believe Hasbro's market cap is around $8 billion, if my math is correct (it isn't always). Add a reasonable premium, and you're talking $11 billion or so for a purchase price. Disney's June 30 filing shows $4 billion in cash, a large portion of which, however, is needed to run current operations. However, the same filing also shows that Disney spent $2 billion in purchase of its own stock during the 9 months under June 30. Those are easily suspended if need be. In addition, the June 30 filing shows $12 billion in debt, while the Company's market cap is $90 billion. Plenty of borrowing capacity available without causing any real concerns about debt load. Translation -- a Hasbro purchase can be easily financed, even after taking into account the Lucas deal.
 
A

ADP2

Member
If this comes to pass Disney will have acquired enough major properites and franchises to build their own Islands of Adventure type theme park (5th Gate). Don't see it happening anytime soon, but maybe down the road a ways.
 
Thrill Seeker

Thrill Seeker

Well-Known Member
Honestly, this sounds like not only could it happen, but it'd be a great move. Hasbro has a ton of properties that could easily be folded into Disney, plus then Hasbro can make all of Disney's toys. Hasbro is already working with Disney (Once Upon a Toy at DTD is a joint Disney/Hasbro venture) so this would be a great move!
 
Mawg

Mawg

Well-Known Member
djlaosc said:
Could a Monopoly hotel be the first Disney hotel to mix Value/Moderate/Deluxe and DVC all in the same hotel?
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I can't picture them mixing these. The guests who prefer Deluxe will not want to share their pool/Spa etc. and would always choose to stay at an all Deluxe resort. Unless they deeply discount the Deluxe Rooms and then they would likewise have to do the same for moderate and those would end up close to the same price at the Value and in the end they would just lose money. However, a Monopoly theme would fit well in a Value.
 
T

thomas998

Well-Known Member
So if they buy Hasbro can we then expect a GI Joe land? I hope this is just a rumor, after gobbling Marvel the last thing they need is Cobra Command.
 
PalisadesPkteer

PalisadesPkteer

Active Member
WDW1974 said:
Why don't you send me a note or pick up the phone ...I'd love to know why this bothers you so.
I hate to see fanbois unhappy. I am all sunshine, lollipops and rainbows ... maybe I should start a blog and pretend to be a girl. What? You say someone's beat me to the punch ... and the pumps? Oh well, perhaps, a podcast then ...:D
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So you are feeling like this????

 
C

choco choco

Well-Known Member
MichWolv said:
A deal this big would require Board approval, so they got nobody to blame but themselves if it happens.
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That's true. I was only remarking on how unhappy the Board should be that the guy they appointed to run the company is choosing this as the way to spend his time. If I was on the Board, I would consistently be annoyed that the CEO is constantly coming up to me, palms up and arms outstretched, asking again for more money to make yet another acquisition. Doesn't he have anything else to do, like actually contribute ideas that improve our current product?
 

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