Hasbro's stock gets a boost from Elon Musk

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Shares of Hasbro rose 2% after Elon Musk tweeted that he might consider buying the company.
Musk has taken issue with some of the content of the recent Dungeons and Dragons book, which distanced Hasbro from the franchise's original creator.

Hasbro The stock appears to have been boosted by Elon Musk's recent suggestion that he plans to buy the company. It is currently unclear whether Musk is seriously considering buying Hasbro.

The billionaire entrepreneur recently took issue with some of its content Build dungeons and dragonsa book published by Hasbro as part of its 40th anniversary celebrations DnD Franchise labels a section of the original repeat book DnD as containing “insensitive and derogatory” language that could be offensive to women, minorities and certain other groups. The text apparently upset Musk, who suggested it in a tweet on Nov. 22, stating that “no one can trash E. Gary Gygax and the geniuses they created. Dungeons and dragonsReferring to Hasbro and its subsidiary, Wizards of the Coast, which publishes DnD He added: Burn in hell.

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Six days later, Musk suggested he might buy Hasbro by asking the public for a price on Twitter. The comments may have boosted the company's stock, which rose two points in shortened trading on Nov. 29, after Thanksgiving. Although stock volatility is usually influenced by a number of factors, the fact that the world's richest man expressed interest in Hasbro arguably had a significant impact on the company's recent stock price. Specifically, Musk's tweet likely added more than $160 million to Hasbro's market cap. It remains to be seen whether this price will hold after trading resumes on December 2.

Hasbro's acquisition gives Mask much more control over DnD

The Hasbro takeover gives Musk too much control Dungeons and dragons. The Rhode Island-based company also owns Magic: The Gathering, Transformers, monopoly, peppa pig, Power Rangers, my little horseand Clodoamong several other popular franchises. While the billionaire entrepreneur hasn't explained any specific plans for the acquisition, his public thoughts on buying Hasbro shouldn't be overlooked. Musk's purchase of Twitter began in a similar fashion and seemed uncertain until it finally happened.

The current situation goes back to Musk's recent announcement that he wants to start an artificial intelligence game studio. The 53-year-old said on Twitter on November 27 that “big companies” today own “so many game studios”. Given this situation, he announced that his company xAI plans to launch an artificial intelligence game studio to “make games great again.” Musk didn't elaborate on what any of this actually means.

Source: Elon Musk / Twitter