Hasbro Inc. has made a takeover offer for rival Mattel Inc., according to people familiar with the matter, a potential combination that would unite the two biggest US toy makers and put Barbie and G.I. Joe under the same roof.
Mattel's Wonder Woman doll is seen at the 114th North American International Toy Fair in New York City, U.S. on February 21, 2017.
Shares of Mattel, which makes Barbie dolls and Hot Wheels, dropped 47 percent this year, while stocks for Hasbro rose nearly 18 percent. A combined company would have more pricing power to negotiate with entertainment studios over TV and movie franchises.
The stance by Mattel toward Hasbro related to this approach is not known and it remains far from being certain a deal will eventually materialize, said the source, who asked to remain anonymous since the matter was confidential. Over two decades ago, Mattel tried to takeover Hasbro with Hasbro rejecting the offer.
As the Wall Street Journal reports, long-time rivals Hasbro, Inc. Mattel shares shot 24 per cent in after-hours trading, while shares of Hasbro shares rose 3.3 per cent.
Talks that the two may join forces has been long rumored, as Mattel's stock has fallen a significant 52 percent over the past year, leaving its market value at $5 billion.
Both toymakers have been struggling with waning demand and the recent bankruptcy of Toys'R'Us, a major outlet for toy sales.
Mattel has cited the bankruptcy as one reason it has experienced weaker sales. Last month, Mattel said the toy retailer's bankruptcy - a result of shifting consumer preference for electronic toys and e-commerce - was a factor in the company's third quarter results and Mattel's sales have fallen 13 percent since past year.
Brendon Hartley made his F1 debut in Texas and is now set to also compete in Mexico, Brazil and Abu Dhabi . Kimi Raikkonen and Sebastian Vettel rounded out the top four, inside one-tenth of a second back.
Trump's comments have provoked concern that he may improperly influence the US Department of Justice to block the deal. Then he added: "I do feel you should have as many news outlets as you can - especially since so many are fake".
A little warmup on Sunday with temperatures back in the upper 40s and a chance for rain showers by Sunday evening. The Accuweather.com forecast is calling for a brisk Friday with a high temperature of 41 degrees and sunny skies.
Attorney Malcolm LaVergne on Thursday told The Associated Press that Simpson received a trespass notice from the hotel Wednesday. Simpson was charged in the June 12, 1994 murder of his ex-wife Nicole Brown Simpson and her current boyfriend, Ron Goldman .
Ashanti's parents, who are both Army veterans, say they are grateful for the arrest, but her mother says she's also angry. They said Brown came to the restaurant almost every day and had been seen flirting with the teen on several occasions.
During a Q&A at The Cambridge Union Monday, Caitlyn opened up about her family's reaction to her book " The Secrets of My Life ". We can only imagine how awkward Kendall's birthday must have been for Caitlyn, but she sucked it up for her sake.
In a video posted Wednesday on Twitter by ESPN writer Arash Markazi , LaVar Ball said his son LiAngelo would be fine. William Nee, an expert on China for Amnesty International, said the players could be stuck in China for a long time.
The World Cup Playoff matches in Europe have begun, with Croatia and Switzerland taking huge leads to carry into the second legs. The Blazers have a very talented squad featuring players like Mandzukic, Luka Modric and Ivan Rakitic.
Gulen, who has lived in exile in Pennsylvania since 1999, is a bitter enemy of Turkish president Recep Tayyip Erdogan. Flynn had written an op-ed in The Hill on Election Day calling on the USA government to extradite Gulen.
It seems that Google latest flagships, the Pixel 2 and Pixel 2 XL are turning to be one of the buggiest ones. Likewise, device owners have reported the issues persists regardless of which brand of headphones are used.
Despite only making 12 Premier League appearances, Loftus-Cheek displays a kind of arrogance that makes him stand out. I had to be really patient and have the mentality to still train right and do all the right things.
The company brought in $207 million in revenue for the third quarter, up 62 percent over the same period a year ago . Tencent has had a good relationship with Evan Spiegel , according to GBH Insights' chief strategy officer.
The 2018 Met Gala Theme Has Been Revealed!
The glam squad takes over from last year's celebrity co-chair's Katy Perry , Pharrell , Gisele Bundchen and Tom Brady. Meanwhile, Rihanna has attended the Met Gala no less than seven times , the first time being back in 2007.
Technical Chart Situation for The Walt Disney Company (DIS)
The institutional investors in our partner's database now have: 55.72 million shares, up from 54.45 million shares in 2017Q1. Victory Capital owns 837,923 shares or 0.08% of their U.S. portfolio. 8,745,434 shares of the stock were exchanged.
Veterans Day Parade to step off
Since Veterans Day is on a Saturday this year, many events are being held on Friday - with some continuing throughout the weekend. Food and drinks, live entertainment and kid-friendly activities will also be featured at the celebration .