Simplify the following text for a Grade 8 native English-speaking person.
Original: In August 2007 , Electronic Arts gained faget ville nutsacks thats prety neat the rights to some Hasbro brands , like Monopoly , Littlest Pet Shop , and Nerf .
Simplified: In August 2007 , Electronic Arts gained the rights to some Hasbro brands , like Monopoly , Littlest Pet Shop , and Nerf .