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D&D Beyond has helped to power DUNGEONS & DRAGONS tabletop play since 2017.
The company expects the acquisition to strengthen its capabilities in the fast-growing digital tabletop category.
"The acquisition of D&D Beyond will accelerate our progress in both gaming and direct to consumer, two priority areas of growth for Hasbro, providing immediate access to a loyal, growing player base," said Hasbro CEO Chris Cocks.
Hasbro predicts the deal to be immaterial to revenue and EPS in 2022 and accretive to EPS in FY23 and beyond.
The company anticipates closing the deal during the second or third quarter of 2022.
Hasbro plans to fund the transaction out of cash on hand. It held billion in cash and equivalents as of December 26, 2021.
Price Action: HAS shares are trading higher by 0.17% at $82.90 in premarket on the last check Wednesday.
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