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.
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.
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.
Before today's matches, Morocco had 9 points while the Ivorians had 8 points; meaning the victor of the match would qualify. But it was the Moroccans who got the breakthrough when Nabil Dirar's cross evaded everyone and found its way it to the net.
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.
Essentially, wealthier individuals would see their tax rate increase be 6% for income between $1 and $1.2 million. The Senate measure fails to repeal the estate tax , though it doubles the size of estates exempted from the tax.
His role in the creation of Facebook was portrayed by Justin Timberlake in the 2010 movie The Social Network . His stint at Facebook was shortlived, resigning from the site in 2005 after a cocaine scandal.
Notre Dame is trying to hang on to its top-four CFP ranking, while Miami hopes to take yet another step in that direction. One question surrounding the Badgers and their rights to the College Football Playoff has been their lack of competition.
He added, "I'll put it all in there but it should have never been a close race". "I did it because I love Hillary", she said. She wrote that she had settled on a ticket of Vice President Joe Biden and Sen Corey Booker, if the change became necessary.
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.
Urban is set to perform " Female ", written by Ross Copperman , at the Country Music Assn. "And as a son - my mother is alive". The lyrics streamed on the stage behind him - and they were quite powerful lyrics.
A spokesperson for the US Capitol Police said 15 adults were arrested during the protests, according to the Washington Post . Of the 155,000 people who were eligible to apply in the six-month window, about 133,000 did file applications on time .
Rupert Murdoch Called AT&T's CEO Twice About CNN Sale
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".
LiAngelo Ball Arrested In China On Shoplifting Charges
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.
Chinese powerhouse Tencent now owns 12pc of Snap
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.
Weekend weather: Just how cold will it get?
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.