Hasbro & Mattel In Talks To Merge?!?
: Jay Cochran - 2016.02.04
According to reports, two of the biggest toy companies in the world and possibly two of the fiercest competitors in the toy world, Hasbro and Mattel are conducting talks to merge as one company. Bloomberg Business
"Hasbro approached Mattel about a potential transaction late last year, and the companies have held on-and-off-again talks about a deal, the people said, asking not to be identified as the situation isnít public. Details of how a transaction might be structured couldnít immediately be learned. The talks may not lead to a deal, the people said."
No big surprise but it was said that representatives from both companies declined to comment on this news.
For those shocked by this including myself, apparently this wasn't the first time this has happened. According to Bloomberg, two decades ago Mattel apparently made a $5.2 billion offer for Hasbro, but Hasbro resisted it.
MORE Hasbro NEWS & UPDATES