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Hasbro makes offer to takeover Mattel in effort to monopolize US toy business

bizjournals Friday, 10 November 2017 ()
Hasbro has made a takeover offer to competitor Mattel in a deal that would unite the two largest toy makers in the United States. Details of the deal have not been disclosed, only that Hasbro’s approached the El Segundo, California-based company recently, according to The Wall Street Journal. The deal was reported by sources close to the situation and may not officially materialize, the newspaper reported. Hasbro (NASDAQ: HAS), based in Pawtucket, Rhode Island, maintains brands such as Nerf,…
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News video: Hasbro Trying to Acquire Rival Toymaker Mattel

Hasbro Trying to Acquire Rival Toymaker Mattel 01:03

Hasbro has made a bid to acquire rival toymaker Mattel. Hasbro made the takeover offer in recent months and while details about the offer are unknown as is whether or not Hasbro and Mattel have been in any further talks about the offer, a deal would combine the two largest U.S. toymakers. The...

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