D&D General Elon Musk Wants To Know 'How Much Is Hasbro?'

Following the richest man in the world's attack on Wizards of the Coast for two paragraphs in the 500-page celebration of D&D, The Making of Original Dungeons & Dragons 1970-1977, Elon Musk--who bought Twitter not that long ago--wants to know how much D&D's owner Hasbro would cost.

After the public sharing on Twitter of Jason Tondro's (who wrote the book’s foreword) private Facebook posts, Musk replied "How much is Hasbro?"

Hasbro's estimated capitalization is currently $8.71 billion, with $3.95 billion of debt.

It was on 21st December 2017 when Musk similarly enquired "How much is it?" before proceeding to make a bid for Twitter. He later tried to back out of the deal, but was forced to buy the platform for $44 billion in June 2022. Current estimates by investment firm Fidelity put the platform at a value 80% less than when he bought it, with a worth of only about $9.4 billion.

 

[Remathilis]

I thought the whole point of CC was that you couldn't remove things once put there.

Under normal circumstances you are correct. What CC has never had is a narcissist billionaire hires a team of lawyers to attack it in front of pre-selected, pro-business judges who side with said billionaire.

There are a lot of things that were considered settled law until they weren't.

 

[Parmandur]

Your going to be having a rough time over the next 4 years.

Well, even more than Musk not being able to buy Hasbro as outlined in that BlueSky thread, no way Musk retains favor for 4 years: he will have a falling out eventually, and his wealth is very vulnerable to retribution from someone with the levels of regulation at hand

 

[Umbran]

Musk is part of a broader right-wing movement that is actively working—and in many ways succeeding—to consolidate power and push the U.S. toward authoritarianism. With control of the House, Senate, Presidency, and Supreme Court, they’re positioning themselves to dismantle democratic norms and reshape the country.

Mod Note:

With respect, EN World still has a rule against discussing real-world politics.

Whether this is a worthy point to make or not, you will have to have this discussion on some other venue.

 

[Remathilis]

Musk could easily buy WotC or the D&D brand. Just money. And Hasbro needs money.

No division of Hasbro makes consistent money like WotC. They would be selling their golden goose. And WotC is notorious for not selling IP if they can milk it for shirts and coffee mugs. Musk would have to drastically overbid for either.

 

[Parmandur]

the CFO has no say in this. If Musk offered $100 for a Hasbro stock trading around $65, with the offer valid for the next 10 days, chances are he owns the company in 10 days, no matter what the CFO thinks

The guy who hates Musk is on the board, he literally has a say.

The board can insist on cash...and Musk is not liquid, and unlikely to get a bank interested in overpaying for Hasbro for lols.

 

[mamba]

Well, even more than Musk not being able to buy Hasbro as outlined in that BlueSky thread, no way Musk retains favor for 4 years

Musk wasn’t the only one I was looking forward to not having to hear from again, not sure about you…

 

[Remathilis]

Telsa exploded in value after a certain November event, it's worth more then the other Car companies period.

If Tesla's are known for anything, it's exploding.

 

[Parmandur]

Musk wasn’t the only one I was looking forward to not having to hear from again, not sure about you…

Well, same, but I had other reasons regarding Musk.

 

[mamba]

The guy who hates Musk is on the board, he literally has a say.

unless he owns enough stock to prevent a takeover, he can voice his opinion, but that is not the same as having a say

The board can insist on cash...and Musk is not liquid, and unlikely to get a bank interested in overpaying for Hasbro for lols.

the board is not the one selling the stocks that Musk is buying, so they too are not all that important to this

If the banks get enough in assets for the money they loan Musk, they might not care all that much what he buys with the money. Notably those assets won’t be Hasbro stock though, after Twitter no one will make that mistake

 

[Future_Monkey]

the CFO has no say in this. If Musk offered $100 for a Hasbro stock trading around $65, with the offer valid for the next 10 days, chances are he owns the company in 10 days, no matter what the CFO thinks

Someone already been pointed out, the company can just start issuing the stock they've been sitting on to stop such a tactic from succeeding. If they did that, for the scenario you suggest to succeed Musk would have to liquidate up to 30 billion of his assets (assuming he bought 50%+1 of the 600 Million shares at the $100 price).

And frankly I'd be fine with Musk wasting 10% of his total worth on this kind of ridiculous vanity project.