3 6 Ke·2024-01-30 04:05Group 1 - Hasbro is seeking to sell its well-known IP "Dungeons & Dragons" (DND), with Tencent as a potential buyer [2] - The negotiations are in early stages, and no agreement on transaction details has been reached yet [2] - Hasbro is facing a financial crisis, which is the main reason for considering the sale of DND [2] Group 2 - Larian Studios, which developed the successful game "Baldur's Gate 3," is acting as an intermediary in the potential transaction [2] - Hasbro has experienced significant financial losses, with over $500 million in cumulative losses from Q4 2022 to Q3 2023 [2] - The company's stock price has dropped from $108 in 2019 to $51 as of January 26, 2023 [2] Group 3 - Despite overall losses, Hasbro's DND IP is considered a valuable asset, especially after the success of "Baldur's Gate 3," which generated $657 million in revenue [2] - The video game and licensing business of Hasbro saw a 40% year-over-year growth, reaching $423 million in Q3 2023, driven by "Baldur's Gate 3" and "Monopoly Go!" [2] Group 4 - DND is one of the most popular tabletop games in Europe and the U.S., with a large fan base and cultural presence [3] - Tencent's Interactive Entertainment Group (IEG) is negotiating to acquire not only the DND IP but also its video game adaptation rights [3] - Acquiring DND would allow Tencent to avoid high licensing fees and revenue sharing issues associated with existing IPs [3] Group 5 - The opportunity to acquire DND is rare for domestic companies, as Western firms place high value on IP [3] - Hasbro's financial difficulties present a unique chance for Tencent to secure a top-tier IP [3]