Spotlight: Hasbro to Buy MicroProse for $70 Million
Hasbro Inc. said it will buy software maker MicroProse Inc. of Alameda for about $70 million in cash, debt and preferred stock as the No. 2 toy maker expands its computer software production. The Pawtucket, R.I.-based maker of Parker Bros. games and Tiger electronic toys said it will pay $6 a share, or $34.5 million, for all of MicroProse’s 5.75 million outstanding shares. The purchase would strengthen Hasbro’s move to develop software based on its Tonka and Playskool toys and interactive game consoles.
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