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Disney Hasbro Purchase Debunked

Posted By Dustin on November 8, 2012

Rebelscum Reader Anthony D. wrote in to let everyone know about an article at the Providence Journal regarding the rumored Disney hasbro deal.

"Stock in the Pawtucket-based toymaker (HAS:Nasdaq) spiked 6.8 percent to $38.66 at the opening bell amid speculation that Disney (DIS:NYSE) was preparing a multi-billion dollar bid for Hasbro.

Hasbro declined comment, citing its policy of not talking about rumor or speculation. CNBC analyst David Faber reported that Hasbro's advisors 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."

Read the full scoop here!

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