Hasbro purchases majority interest in Backflip Studios Hasbro announced the acquisition of a majority stake in Backflip Studios. Hasbro paid $112 million in an all cash transaction for 70% of the company.
News For HAS From The Last 14 Days
Check below for free stories on HAS the last two weeks.
Hasbro poised for multiple expansion, says Wells Fargo Wells Fargo expects Hasbro's multiple to expand as a result of operating leverage that the company will have in developing markets. The firm expects the company to report slightly better than expected 2014 and 2015 results, and keeps an Outperform rating on the stock.