I can see a day that WotC divests itself of Hasbro, and effectively becomes the parent company, while the rest of Hasbro is sold off to private equity.
I really don't want to get involved in this thread (honestly, I have a feeling that the life span is limited), but I saw this and I have to ask .... what?
Part of the issue is that if we want to have real conversations about topics, we have to be able to discuss things than can happen. Now, I can't say that I know everything, and I understand that language can be imprecise on the internet, so there may be some nuance or point you are making that simply escapes me. But I've read this several times and I can't make sense of it.
Here is my understanding.
Hasbro, Inc. is a corporation. That corporations owns (as in 100% owns) other entities, including Wizards of the Coast LLC (a limited liability company).
WoTC has no ability to divest itself of Hasbro. Period.
It cannot become the parent company. (For a lot of reasons, but simply put, you don't have an LLC on the stock exchange).
WoTC cannot sell "the rest of Hasbro" to private equity.
Again, this is my understanding.
So, what could possibly happen? If you wanted to realistically discuss the possibilities, there are a number of them!
1. Hasbro could sell off certain assets (tangible and intangible) that constitute "D&D" to another company.
2. Hasbro could sell the limited liability company (WoTC LLC) to another company.
3. Private equity could buy Hasbro, saddle it with debt, and carve up the scraps.
All sorts of possibilities! However, the first and the second are unlikely unless an amazing deal is offered right now. And such a deal would mean that the buyer would have to
further monetize the brands in order to justify the price.
In other words, when we think about the solutions to the "Hasbro problem," make sure you fully understand what those solutions might end up looking like.
Please note that I just providing some thoughts, and you are more than welcome to continue venting about Hasbro or whatever.