Hasbro’s $146.3 Million Acquisition of D&D Beyond

Latham & Watkins represented Fandom in the transaction.

Hasbro, Inc. (NASDAQ: HAS) has announced that it is acquiring D&D Beyond, the leading digital toolset and game companion for the Company’s groundbreaking fantasy franchise, DUNGEONS & DRAGONS, from Fandom.

Fandom, the world’s largest fan platform, has owned and operated D&D Beyond since 2019 and has grown the direct-to-consumer business to be the leading role-playing game (RPG) digital toolset on the market with close to 10 million registered users.

This strategic acquisition, for US$146.3 million in cash, will further strengthen Hasbro’s capabilities in the fast-growing digital tabletop category while also adding veteran talents to the Wizards of the Coast team and accelerating efforts to deliver exceptional experiences for fans across all platforms.

Hasbro (NASDAQ: HAS) is a global play and entertainment company committed to making the world a better place for all children, fans and families.

Latham & Watkins represented Fandom in the transaction with a M&A team led by Bay Area partner Chad Rolston (Picture), with associate Rachelle Polsky, and a corporate team led by Bay Area partners Jim Morrone and John Williams. Advice was also provided on intellectual property and data privacy matters by Bay Area partner JD Marple, London partner Fiona Maclean, and Houston counsel Robert Brown, with associates Adriana Beach, Caroline Omotayo, Jane Bentham, and Lorenzo Meusburger; on tax matters by Bay Area partner Grace Lee, with associate Jeremiah Cowen; on benefits and compensation matters by Bay Area partner James Metz, with associate Niveda Anandan; on compliance matters by Bay Area partner Scott Joiner and Washington, D.C. counsel Andrew Galdes, with associates Erin Eckles and Sara Castiglia; and on antitrust matters by Bay Area partner Joshua Holian and Washington, D.C. counsel Peter Todaro.

Involved fees earner: Adriana Beach – Latham & Watkins; Jane Bentham – Latham & Watkins; Robert Brown II – Latham & Watkins; Sara Castiglia – Latham & Watkins; Jeremiah Cowen – Latham & Watkins; Erin Eckles – Latham & Watkins; Andrew Galdes – Latham & Watkins; Joshua Holian – Latham & Watkins; Scott Joiner – Latham & Watkins; Grace Lee – Latham & Watkins; Fiona Maclean – Latham & Watkins; JD Marple – Latham & Watkins; James Metz – Latham & Watkins; Lorenzo Meusburger – Latham & Watkins; Jim Morrone – Latham & Watkins; Caroline Omotayo – Latham & Watkins; Rachelle Polsky – Latham & Watkins; Chad Rolston – Latham & Watkins; Peter Todaro – Latham & Watkins; John Williams – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Fandom;