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.
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".
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.
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.
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.
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.
Pollution levels are 30 times the World Health Organisation's recommended limit in some areas of the national capital. Pulling up the Punjab government, it asked the Amarinder Singh government to take immediate measures.
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.
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.
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.
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 .
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.
Also on Saturday, the USA and South Korean navies launched four days of joint drills off the east coast of South Korea. During his recent visit to Seoul, Trump said, " North Korea is not the paradise your grandfather envisioned.
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.
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.
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.
Apple is Working on Augmented Reality Glasses
Geoff Stahl, formerly a software manager for games and graphics at Apple , is one of the directors of the " rOS " software group. Apple also invested $200 million in Corning in May as part of a $1 billion commitment to strengthen USA manufacturing.
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.