Century City, CA – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Saban Properties on the proposed $522 million sale of the iconic Power Rangers brand as well as other entertainment assets to Hasbro, Inc. The combination cash and stock transaction is expected to close during the second quarter of 2018, and is subject to customary regulatory approvals and other closing conditions. In addition to Saban’s Power Rangers, the transaction also includes entertainment properties including My Pet Monster, Popples, Julius Jr., Luna Petunia and Treehouse Detectives.
The Paul Hastings team was led by Corporate partner David Hernand and associate Trevor Katende and also included Corporate associates Stuart Downey and Ryan Samii; Antitrust partner Scott Hataway and associate Sabin Chung; and Tax associate Amy Lawrence.
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