United Kingdom ambassador in Paris: Brexit marks 'new chapter' in Franco-British relationship
Some People Might Have To Start Paying More For Amazon Prime
Facebook to rank news outlets by trustworthiness
More flu-related deaths reported in Texas
Hong Kong court jails 2014 pro-democracy activist for obstructing justice
Mattel shares soar on report of Hasbro takeover offer
13 November 2017, 02:07 | Gordon Grant
A merger of this size wouldn't be child's play but could be beneficial for both companies
Hasbro said it does not comment on "rumors or speculation".
The stance by Mattel toward Hasbro related to this approach is not known and it remains far from being certain a deal will eventually materialize, said the source, who asked to remain anonymous since the matter was confidential.
Mattel shares rallied 21% to $17.75 after hours on heavy volume following a report from The Wall Street Journal (https://www.wsj.com/articles/hasbro-makes-takeover-approach-to-mattel-1510351281) that Hasbro made an offer for Mattel, according to sources close to the matter.
Hasbro, which is based in Pawtucket, Rhode Island, manufactures toy brands including G.I. Joe, Nerf, Transformers and My Little Pony. It also has rights to valuable entertainment franchises such as "Star Wars".
But, the deal could be an opportunity for Mattel, which has struggled financially in recent years.
India Inc. welcomes reduction in GST tax rates The GST Council is also expected to offer more relief to small and medium enterprises due to compliance burden. Friday's GST Council meet, only 50 items will now remain under the highest tax slab of 28 per cent.
Mattel in late October reported a 14% drop in its third-quarter sales, excluding the effect of currency fluctuations, and suspended its quarterly dividend. For those curious, Mattel has a market value of about $5 billion, while Hasbro is worth about $11 billion, so more than double.
Hasbro has a market value of $11.4 billion, and its stock is up almost 18 percent this year.
For much of this year, there has been talk across the toy industry about a possible tie-up between the two companies.
Hasbro, Inc. shares closed at $91.45 on Friday, up $2.76 (+3.11%).
Hasbro contended at the time that a deal might be blocked by federal regulators on antitrust grounds, and Mattel abandoned its offer in early 1996.
Pokémon Go creators announce new Harry Potter game
This year marks the 20th anniversary of Harry Potter , as the first novel released in the United Kingdom on June 26, 1997. Niantic works best with these kind of games and looks like we have a Harry Potter AR game coming up soon enough.
Week 11's best top-10 showdown?
At the top of the marquee are three top-10 showdowns that could alter the College Football Playoff standings on Tuesday. It would also help if nobody among Oklahoma, TCU, Miami and Wisconsin won their conference championship.
Report Warns Some Fidget Spinners Could Expose Kids To Lead
Public Interest Research Group , which tested 12 brands of fidget spinners found on the toy shelves of Target stores nationwide. The group is calling on Target to stop selling the items and issue recalls for the ones they've already sold.
Get the first look at Jodie Whittaker as 'Doctor Who'
Maybe I'll give this iteration of Doctor Who a shot when it arrives next year! The multiple earrings are just icing on the cake. Lifelong Star Wars fan and Trekker who also worships all things Tolkien and Doctor Who .