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U.S. toymaker Hasbro makes new approach to buy Mattel - source

Reuters India Saturday, 11 November 2017 ()
(Reuters) - Hasbro Inc has made an approach to acquire rival Mattel Inc, a source familiar with the matter said on Friday, the latest attempt to combine the two biggest U.S. toymakers in more than two decades.
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News video: Mattel and Hasbro could be nearing merger

Mattel and Hasbro could be nearing merger 00:35

Toy giants Mattel and Hasbro are reportedly heading towards a merger. It was reported by The Wall Street Journal last week that Hasbro had proposed the purchase and since the new broke, Mattel has seen an increase in its average share price, rising 21 percent to $17.65. Many speculate that the merger...

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