UPDATE: Now the story’s been debunked.
The Wall Street Journal is reporting tonight that Hasbro is in preliminary talks with Providence Equity Partners about a leveraged buyout. Hasbro has a market capitalization of about $6 billion. It owns the G.I. Joe and Transformers and Stretch Armstrong toys sold to Hollywood, has several board games like Battleship in movie development, and even has its own office on the Universal lot. In all it has more than 10 films in the works with different movie studios and a cable channel The Hub in partnership with Discovery Communications.