Wednesday, November 7, 2012

Disney Rumor False

The Providence Journal reports that the rumor going around the web that Disney is buying Hasbro and Transformers is false.

Hasbro declined comment [in the Disney purchase rumor], citing its policy of not talking about rumor or speculation. CNBC analyst David Faber reported that Hasbro's advisers told him there's "absolutely nothing going on that they are aware of at all, in any way, shape or form" involving Hasbro or Disney.

Wall Street analysts said a Disney acquisition didn't make much sense, just after Disney agreed to buy Lucasfilm Ltd. for $4.05 billion. And for any deal to happen, Hasbro would have to dissolve agreements with Disney's competitors.

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