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Back in February, just ahead of the 115th North American International Toy Fair, Hasbro revealed that they'd become the master licensee for Saban's Power Rangers. Buried in the announcement was something that many missed, but I did not - the potential for Hasbro to acquire the whole franchise. Now that's happened, and today Hasbro and Saban Properties LLC have 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 $522 million.