A number of children’s entertainment and merchandising franchises, including Power Rangers, have been acquired from Saban Entertainment for around $520m in cash and stock.

A deal between Hasbro and Saban Entertainment, the owner of the Power Rangers franchise, has been formally announced, according to reports. The agreement also includes franchises such as Luna Petunia and Popples.

Earlier this year, Hasbro and Saban signed a deal for the toy maker to design, produce and bring to market a wide variety of toys and role-play items inspired by Power Rangers.