Paul Hastings LLP advised Saban Properties on the deal
Hasbro, Inc. (NASDAQ: HAS), a global play and entertainment company, and Saban Properties LLC today announced that the companies have signed a definitive agreement for Hasbro to purchase Saban’s Power Rangers and several other entertainment brands, including My Pet Monster, Popples, Julius Jr., Luna Petunia, Treehouse Detectives and others, in a combination of cash and stock valued at $522 million.
Created by Haim Saban and launched in 1993, Mighty Morphin Power Rangers quickly became a pop culture phenomenon. Today, Power Rangers is one of the longest running kids’ live-action series in television history with nearly 900 episodes produced to date. The TV series, currently in its 25th season with Power Rangers Super Ninja Steel, and feature films, including 2017’s movie with Lionsgate, follows the adventures of a group of ordinary teens who morph into superheroes and save the world from evil. Saban’s Power Rangers currently airs in 150 markets around the world and is translated into numerous languages.
The Paul Hastings team was led by Corporate partner David Hernand (Picture), Trevor Katende, Stuart Downey, Ryan Samii; Antitrust partner Scott Hataway, Sabin Chung; and Tax associate Amy Lawrence.
Involved fees earner: David Hernand – Paul Hastings; Trevor Katende – Paul Hastings; Stuart Downey – Paul Hastings; Ryan Samii – Paul Hastings; Scott Hataway – Paul Hastings; Sabin Chung – Paul Hastings; Amy Lawrence – Paul Hastings;
Law Firms: Paul Hastings;
Clients: Saban Brands LLC;