By Svea Herbst-Bayliss

NEW YORK (Reuters) – Hasbro Inc People familiar with the situation said that (NASDAQ:) will prevail over an Alta Fox activist hedge fund board challenge, according to Tuesday’s reports.

Alta Fox was disappointed by this result. It had tried to get the toymaker out of its Wizards of the Coast unit, Digital Gaming and to criticize the company’s capital allocation practices.

Sources said that early vote results show Hasbro leading Alta Fox. Alta Fox nominated one of the 13 directors to the board.

Investors can vote from Wednesday until Hasbro’s Annual Shareholder Meeting begins. Sources say it is possible for the outcome to change.

Hasbro did not respond to a request for comment. Alta Fox didn’t immediately reply to our request for comment.

Hasbro was valued at $12 billion and is well-known for its Monopoly game and My Little Pony. In the five last years, its stock price fell 18% while it has seen a 70% increase in value.

Alta Fox (which owns 2.5% of Hasbro) first appointed five directors before the company scaled back its ambitions.

Proxy consulting firm ISS recommends that shareholders defer voting for Edward Philip. Philip has been on Hasbro’s board of directors for more than 20 years. It is done to express their sadness. According to sources, Philip would be elected again.