Hasbro (HAS) and Saban Properties LLC today announced that the companies have signed a definitive agreement for Hasbro to purchase Saban's Power Rangers and several other entertainment brands, including My Pet Monster, Popples, Julius Jr., Luna Petunia, Treehouse Detectives and others, in a combination of cash and stock valued at $522M. The first set of products from Hasbro will be available in spring 2019.

Hasbro has previously paid Saban Brands $22.25M pursuant to the Power Rangers master toy license agreement, announced by the parties in February of 2018, that was scheduled to begin in 2019. Those amounts are being credited against the purchase price.

Under the terms of the purchase agreement, Hasbro will pay an additional $229.75M in cash and will issue $270M worth of Hasbro common stock for the Power Rangers brand and several other entertainment brands. The agreement includes all related intellectual property, category rights and content libraries owned by Saban Properties and its affiliates. The transaction is subject to a number of customary closing conditions, including obtaining required regulatory approvals, and is expected to close during the second quarter of 2018.

The transaction, including intangible amortization expense, is not expected to have a material impact on Hasbro's 2018 results of operations.