U.S. Markets closed

Reports on Hasbro acquisition talks unlikely to be valid, says Wells Fargo

After MTV Geek reported that Hasbro (HAS) is holding talks about being acquired by Disney (DIS), Wells Fargo says that many of the toy properties that Disney would acquire would be small, while Hasbro would have to dissolve its joint venture with Discovery (DISCA) and fix the structural issues with its games unit. The firm also notes that Disney would have to pay about $6B for Hasbro, after it just shelled out over $4B for Lucasfilm. The firm maintains an Outperform rating on Hasbro.