Hasbro acquires ‘Power Rangers’ brand in $522M deal

Hasbro has reached a deal to acquire Haim Saban’s flagship Saban’s Power Rangers property along with other entertainment brands including My Pet Monster, Popples, Julius Jr., Luna Petunia and Treehouse Detectives in a cash-and-stock pact valued at $522 million. The toymaker previously paid Saban Brands $22.25 million pursuant to a Power Rangers’ master toy license agreement that was to begin in 2019; those amounts are being credited against the purchase price.