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

Reuters 

By Greg Roumeliotis(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.A deal would create a toy powerhouse, uniting Hasbro's My Little Pony, Monopoly and Nerf brands with Mattel's Barbie dolls and Hot Wheels toys. A combined company would have more pricing power to negotiate with entertainment studios over TV and movie franchises.Mattel's stance toward Hasbro in this overture is not clear, and it remains far from certain that a deal will ...

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First Published: Sat, November 11 2017. 06:09 IST
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