Global  Video

“The world's speediest news portal”
One News Page
> >

Mattel stock soars on report of Hasbro takeover offer

SeattlePI.com Friday, 10 November 2017
NEW YORK (AP) — Shares of Mattel soared in after-hours trading Friday after a report that rival Hasbro made a takeover offer for Mattel. The Wall Street Journal, citing people familiar with the matter that it did not identify, said Hasbro approached Mattel recently about a deal. Both companies have had trouble selling their toys to today's kids, many of whom would rather play with a tablet. Mattel's toys include Barbie and Hot Wheels. Hasbro has My Little Pony and Monopoly. A spokeswoman for Pawtucket, Rhode Island-based Hasbro said it does not comment on "rumors." Mattel, based in El Segundo, California, did not immediately respond to a request for comment. Shares of Mattel Inc. rose $3.09, or 21 percent, to $17.71 in extended trading.
0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: Newsy Studio - < > Embed
News video: Report: Hasbro Makes Takeover Offer for Toy Rival Mattel

▶ Report: Hasbro Makes Takeover Offer for Toy Rival Mattel 00:55

The biggest toy brands in the U.S. might soon unite.

You Might Like


Tweets about this


Other recent news in Business

Team GB's Christie set to race in 1000m at WINTER OLYMPICSAussie CRYPTOCURRENCY boss rubbishes scam claim
David Davis pledges "race to the top" of global standards after BREXITA new FINTECH accelerator is launching in London
EMIRATES Auckland-Bali flight means chasing the sun just got easier for Kiwi holidaymakersPNB SCAM: IT dept attaches seven more properties of Gitanjali Group
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+