He should stick to destroying companies he's already bought, like Tesla, Twitter, and the US government.
Anyway, a short thread from bluesky as to why he probably can't buy Hasbro:
Bluesky thread by morsrattus:
1/7
I've seen some folks fearing that musk might actually be able to purchase Hasbro or D&D. Or laughing at how he'll do it. The thing is, the money isn't there to do it. He literally cannot.
Let's review this. First, there's not a buyout clause. He has to approach the board to make an offer.
2/7
He cannot afford any reasonable offer for Hasbro. If we look at their common stock, it currently is sitting at about $63.89 a share, or was when I checked this morning. There are 139.5 million total outstanding issued shares, for a market cap of 8.91 billion dollars.
3/7
"But what if he buys 50% plus a share?"
Well, that would be around 4.46 billion dollars, which he definitely hasn't got liquid and possibly does not have, period.
But also, it wouldn't get him the company. Hasbro has issued 139.5 million shares - but that's not all they have.
4/7
Hasbro is AUTHORIZED to issue up to 600 million shares, and even adding together stuff that is sitting around not trading, they've only issued around a third of that total per their last quarterly report.
Which means even if you bought all of it, they can issue enough to retain control.
5/7
It is quite literally not possible to force a hostile takeover of Hasbro…and that's assuming the stock price stayed where it was this morning. The moment you began mass buying you'd be driving the price up, but the math above assumes that magically doesn't happen and he still can't.
6/7
So, to be able to buy Hasbro he'd have to go directly to the board instead and convince them to sell. And the thing is? The CFO of Hasbro is a Paypal guy. It's in his corporate bio, even. It's why they hired him, or so they say.
He knows and hates musk.
7/7
Could he try to make a deal for the D&D IP? Yes, possibly he could. Again, I don't see Hasbro going for it at anything like a price he could afford. He's too thirsty, they know what he's like, and the IP is worth more to them as finance ghouls to sit on and license out - just look at BG3 licensing.
