Again, I don't think there were reports that Lionsgate was going to buy Hasbro but I do know that there were reports for a Hasbro/Dreamworks Animation merger which was scrapped due to the poor box office performance of Penguins of Madagascar.
I just realized that were some articles about Entertainment One buying DHX Media. Only for the takeover to be scrapped for reasons. Maybe this time they could be a potential buyer.
Also, they'll have to send off My Little Pony to Hasbro's own studio to avoid competition or making something they have no equity in.
Hasbro x Dreamworks ended because Disney threatened to take their licenses from Hasbro. Star Wars, Marvel and Disney Princesses are worth a lot more than Shrek and How To Train Your Dragon.
There's been some speculation that they might sell off their TV channels. The problem is that the CRTC would require a Canadian company to buy them. Thanks to DHX gobbling up almost every midsize children's company in this country, there aren't many options left. Who has the money and the library to operate three separate channels? Wow Unlimited has already entered in a partnership to buy one of Bell's TV channels. 9Story doesn't have the catalog. Blue Ant might have the library ... in a decade. Corus really doesn't need more TV channels. Everyone else is in the service animation industry or makes ultra low budget live action shows for TVO.