Infogrames Grabs Hasbro

Infogrames in acquiring Hasbro Interactive. Infogrames is purchasing 100 percent of Hasbro Interactive's common stock, and as part of the purchase gains Hasbro's Games.com web portal and a long-term exclusive license to develop and publish games based on Hasbro properties. Infogrames' license on the Hasbro brands will run for 15 years, with an option for an additional five years based on performance. Among the properties changing hands as part of the deal are best selling game franchises like Roller Coaster Tycoon and Civilization as well as successful toy brands like Monopoly. The purchase price totals $100 million, $95 million in Infogrames SA share and $5 million in cash. Subject to shareholder approval, both side expect to wrap up the deal by the first quarter of 2001.