Item 8.01 Other Events

On January 4, 2008 Hasbro, Inc. ("Hasbro") and Cranium, Inc., a Washington corporation ("Cranium") issued a press release announcing that Hasbro, along with Sunshine Acquisition Corporation, which was a wholly-owned subsidiary of Hasbro ("Acquisition Subsidiary"), had entered into an Agreement and Plan of Reorganization (the "Merger Agreement") with Cranium, pursuant to which Hasbro would acquire Cranium. On January 25, 2008 Hasbro issued a press release reporting that it had closed its acquisition of Cranium.

Pursuant to the Merger Agreement, the Acquisition Subsidiary has merged into Cranium, and Cranium is now a wholly-owned subsidiary of Hasbro.