Roblox Stock Surges to Record High on New Partnership

Danny Vena, The Motley Fool
·2 min read
Roblox Stock Surges to Record High on New Partnership

Shares of Roblox (NYSE: RBLX) surged to a new all-time high Tuesday when the company announced a partnership with Hasbro (NASDAQ: HAS), which said it will create a line of toys and games based on the global video-game development platform. Hasbro will introduce a range of Roblox-inspired Nerf blasters "representing some of the most popular experiences on the Roblox platform," the companies said in a statement. Hasbro will also release a Roblox version of its iconic Monopoly board game.