The projections they're talking about for what WotC would trade at as a separately listed company are probably overly optimistic. But it does seem like an obvious spin-off, without obvious synergy alongside Hasbro's other assets/strategies. I could see this gaining traction from a shareholder standpoint and I think it would also be celebrated from a player's point of view. I wouldn't be excited to own HAS after a WotC spin-off but they could make acquisitions and develop brands organically.
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