when did wizards of the coast buy d&d
April 10, 1997
title: Wizards of the Coast text: companies resolved their differences in December 2003 without going to court. Seeing the continued success of "Pokémon" and "Magic: The Gathering", the game and toy giant Hasbro bought Wizards of the Coast in September 1999, for about US $325 million. Hasbro had expressed interest in purchasing Wizards of the Coast as early as 1994, and had been further impressed after the success of its "Pokémon" game. Avalon Hill was made a division of Wizards of the Coast, in late 1999; the company had been purchased by Hasbro in the summer of 1998. Vince Caluori became President of Wizards of the title: Wizards of the Coast text: Wizards of the Coast Wizards of the Coast LLC (often referred to as WotC or simply Wizards) is an American publisher of games, primarily based on fantasy and science fiction themes, and formerly an operator of retail stores for games. Originally a basement-run role-playing game publisher, the company popularized the collectible card game genre with "" in the mid-1990s, acquired the popular "Dungeons & Dragons" role-playing game by purchasing the failing company TSR, and experienced tremendous success by publishing the licensed "Pokémon Trading Card Game". The company's corporate headquarters are located in Renton, Washington in the United States. Wizards of title: Wizards of the Coast text: in 1995, Wizards' annual sales passed US $65 million. Wizards announced the purchase of TSR, the cash-strapped makers of "Dungeons & Dragons" on April 10, 1997. Wizards acquired TSR and Five Rings Publishing Group for $25 million. Many of the creative and professional staff of TSR relocated from Wisconsin to the Renton area. Wizards used TSR as a brand name for a while, then retired it, allowing the TSR trademarks to expire. Between 1997 and 1999, the company spun off several well-loved but poorly selling campaign settings (including Planescape, Dark Sun and Spelljammer) to fan groups, focusing business primarily on title: TSR (company) text: the Coast in 1997. Before the corporate offices in Lake Geneva were closed, some TSR employees accepted the offer of transferring to Wizards of the Coast's offices in Washington. Wizards of the Coast continued to use the TSR name for "D&D" products for three years, until the third edition of "D&D" was released in 2000 under the Wizards of the Coast logo only. In 1999, Wizards of the Coast was itself purchased by Hasbro, Inc. In 2002, Gen Con was sold to Peter Adkison. A new TSR was found by Jayson Elliot, co-founded the Roll for Initiative podcast, then launched title: Wizards of the Coast text: Coast in November 1999. As of January 1, 2001, Peter Adkison resigned from Wizards. Chuck Huebner became President and CEO of Wizards of the Coast in June 2002, and Loren Greenwood succeeded Huebner in these positions in April 2004. Greg Leeds succeeded Loren Greenwood as President and CEO of Wizards of the Coast in March 2008. In November 1999, Wizards announced that Gen Con would leave Milwaukee after the 2002 convention. Hasbro sold Origins to GAMA, and in May 2002 sold Gen Con to Peter Adkison. Wizards also outsourced its magazines by licensing "Dungeon", "Dragon", "Polyhedron", and "Amazing Stories" to