How Much is Hasbro worth? Elon Musk wants to know


Elon Musk attends 'Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk' session during the Cannes Lions International Festival Of Creativity 2024 - Day Three on June 19, 2024 in Cannes, France.
Tesla CEO Elon Musk speaking at Cannes Lions International Festival of Creativity in 2024.

Marc Piasecki/ Getty Images

"How much is Hasbro?"

According to Visible Alpha, the short answer is: just a little bit less than $9 billion.

Why tell you about this? Because Elon Musk, Tesla’s (TSLA) CEO, among other things—including, as it happens, the world’s richest person—on Thursday asked exactly that on his social media platform X. 

The question seems to have fueled speculation that Musk would be interested in buying the toy and game company—or, at least, the part of it responsible for the “Dungeons & Dragons” As other events in the news have led to speculation, Musk’s takeover target is also a fantasy game. Among others recently hypothesized: the cable network MSNBC, and Truth Social owner Trump Media & Technology Group (DJT).

"D&D," for its part, is wrapped into Hasbro's Wizards of the Coast segment, which also includes the "Magic: The Gathering" fantasy trading-card game. 

Musk’s tweet obviously didn’t expressly indicate an interest in some kind of deal, but the market’s reaction—Hasbro (HAS) stock was recently up about 2% during Friday’s holiday-shortened session—illustrates the degree to which the multibillionaire’s words can influence markets. 

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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