DreamWorks-Hasbro Merger Put on Hold
We’ve previously posted an entry about a possible merger between DreamWorks Animation and Hasbro, but it seems like the merger has been put on hold. The supposed reason of the talks breaking down is that Hasbro’s stock fell when news of the talks got around.
Hasbro’s stock fell 6.1 percent after the merger talks became public, with analysts showing concerns over the logic behind the merger as well as DreamWorks’ steep asking price. Once word got around that the merger has been halted, Hasbro’s stock managed to recover by 2.7 percent.
Currently, there is no news on whether the merger is temporarily on hold or completely off the table.