Reports: Hasbro Offers to Buy Mattel

Posted by Bret on 11/10/17 at 09:59 PM Category: Hasbro

Multiple sources are citing a Wall Street Journal report (no link - WSJ is a subscription service) that Hasbro approached Mattel with a takeover offer. According to The New York Times:

Shares of Mattel soared in after-hours trading Friday after a report that rival Hasbro has made a takeover offer for Mattel. Such a deal could bring together well-known brands like Monopoly, Nerf, Barbie and Hot Wheels.

In after hours trading following the report, shares of Mattel rocketed 5%, while Hasbro shares also jumped over 3%. No word from WSJ on whether the talks are ongoing, or if it was just an exploratory call.

A deal would join the #1 and #2 toy companies in the U.S., as both are currently dealing with a struggling brick and mortar industry, overshadowed by the recent Toys R Us bankruptcy filing.

Huge news continues to roll out in the Star Wars mega-universe. This is on the heels of Disney inquiring about purchasing parts of 21st Century Fox.