Business

Hasbro buying Power Rangers, other brands in $522M deal

01 of May 2018

FILE - In this July 8, 2015, file photo, a Power Rangers figure sits on display at a booth before Preview Night at Comic-Con International held at the San Diego Convention Center in San Diego. Hasbro is buying the Power Rangers and some other toy brands from Saban Properties in a cash-and-stock deal valued at about $522 million. (Photo by Denis Poroy/Invision/AP, File),FILE - In this July 8, 2015, file photo, a Power Rangers figure sits on display at a booth before Preview Night at Comic-Con International held at the San Diego Convention Center in San Diego. Hasbro is buying the Power Rangers and some other toy brands from Saban Properties in a cash-and-stock deal valued at about $522 million. (Photo by Denis Poroy/Invision/AP, File)

Toy company Hasbro is buying the Power Rangers and some other toy brands from Saban Properties in a cash-and-stock deal worth $522 million. The transaction is expected to close in the second quarter.

PAWTUCKET, R.I. (AP) — Hasbro is buying the Power Rangers and some other toy brands from Saban Properties in a cash-and-stock deal valued at $522 million.

The announcement comes after Saban Brands picked Hasbro Inc. as the master toy licensee for the Power Ranger line in February. The approximately $22.3 million Hasbro paid toward the licensing agreement will be credited to the acquisition.

The Mighty Morphin Power Rangers, a television series about a group of teenagers that turn into superheroes, was created by Haim Saban, founder of Saban Brands.

Aside from the Power Rangers, the buyout announced Tuesday includes My Pet Monster, Popples, Julius Jr., Luna Petunia, Treehouse Detectives and other brands. The first set of products from Hasbro will be available next spring.

The acquisition is expected to close in the second quarter.