Providence Wants To Hook into Hasbro's HUB

Today's big buyout news is that Providence Equity Partners approached Hasbro about a buyout, and that Hasbro said no. Maybe the talks are really dead, or maybe we're simply watching some pre-deal posturing. Or maybe a bit of both, and other LBO firms will soon fill the breach (given Hasbro's $6.1b market cap, no one firm is likely to do it alone anyway). But why media-focused Providence in the first place? After all, isn't Hasbro known for Transformers and GI Joe? (peHUB also is intrigued and alarmed by Hasbro’s Baby Alive real surprises doll that pees and poops.)

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