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Feb. 25, 2021, 12:30 p.m. EST

Hasbro extends partnership with Fortnite maker for next five years

Hasbro Inc. (NAS:HAS) announced during its investor event on Thursday that its partnership with Epic Games, maker of the blockbuster Fortnite videogame, will continue for five more years. The new deal extends and expands the licensing deal first brokered two years ago, which brought Fortnite to the Nerf and Monopoly brands. Fortnite will now be integrated with other brands, including Fortnite x G.I. Joe Collab Snake Eyes: Zero Point Edition. Additional launches will come in the fall. Hasbro stock is down 2.6% over the last three months, but is up nearly 8% over the last year. The S&P 500 index (S&P:SPX) is up 23.5% for the past 12 months. Also: Roblox is going public: 5 things to know about the tween-centric gaming platform

Link to MarketWatch's Slice.