Hasbro reportedly offered to buy Mattel
Hasbro is one of the largest toy companies in the world (after Lego), and according to a report in The Wall Street Journal, it recently made an offer to take over its chief rival, Mattel.
If the deal were to go through, it would bring the two largest toy companies in the US and their vast catalog of brands together. The WSJ’s sources say that the deal was made recently, didn’t disclose terms, and that it might not go anywhere.
But, the deal could be an opportunity for Mattel, which has struggled financially in recent years. The company reported a decline in sales after Toys R’ Us filed for bankruptcy in September. The bankruptcy also impacted Hasbro’s sales, but the Rhode Island-based company has fared better this year, due in part to…
You may be interested
You can easily disassemble this repairable smartwatch using just a Phillips screwdriver
admin - Nov 22, 2024[ad_1] The Spectra is a new smartwatch designed from the ground up to be hackable and easy to repair. It…
Ed Sheeran 'helped Ipswich sign player' before appearing with Taylor Swift
admin - Nov 22, 2024[ad_1] Ed Sheeran helped Ipswich Town to sign a player over the summer just before getting on stage with Taylor…
Strava closes the gates to sharing fitness data with other apps
admin - Nov 20, 2024[ad_1] We wanted to provide some additional context around the changes to our API Agreement and the impact for our…
Leave a Comment
You must be logged in to post a comment.