Hasbro shares get backing from Elon Musk

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

Hasbro The stock appears to be boosted by Elon Musk's recent suggestion that he would consider buying the company. It's currently unclear whether Musk is seriously considering acquiring Hasbro.

A billionaire entrepreneur recently took issue with some of his content. Creating Dungeons and Dragonsa book that Hasbro released as part of its 40th anniversary celebration. Health check Franchise Part of the book describes the original reproduction of Thai traditional medicine Because there is a language It is said to be “insensitive and degrading” and can be harmful to women, minorities and other groups. This statement seems to have upset Musk. This was suggested as much in a tweet on November 22, stating, “No one is going to trash E. Gary Gygax and the geniuses who created it. dungeons and dragons” refers to Hasbro and its affiliate Wizards of the Coast, which publishes Health check He added: “May they burn in hell.”

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Six days later, Musk suggested he buy Hasbro by publicly questioning its price on Twitter. This remark may have boosted the company's stock. That was up 2 points in the shortened trading session on November 29, after Thanksgiving. Stock volatility tends to be driven by a number of factors, though. But having the world's richest person express interest in Hasbro could have a significant impact on the company's recent share price. Notably, Musk's tweet may have increased Hasbro's market value by more than $160 million. It remains to be seen whether this price will hold when trading resumes on December 2.

Acquiring Hasbro would give Musk control over more than just DnD.

Acquiring Hasbro would give Musk more control than just that. dungeons and dragons– A company based in Rhode Island also owns it. Magic: The Gathering– Electrical transformer– monopoly– Peppa Pig– Power Rangers– my little ponyand Cluedoamong many other popular franchises, although the billionaire entrepreneur has not detailed any concrete acquisition plans. But his public thoughts about buying Hasbro shouldn't be overlooked. Musk's Twitter acquisition started in a similarly straightforward manner. And it seemed uncertain until it finally happened.

The current situation is linked to Musk's recent announcement that he wants to start an AI game studio. Tweeting on November 27, the 53-year-old confirmed that “big companies” currently own “too many game studios” due to the situation. like this So he announced that his company xAI was starting an AI game studio to “make games great again.” Musk didn't elaborate on exactly what that meant.

Source: Elon Musk / Twitter