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ZDNet reported toymaker Mattel said Monday it will acquire The Learning Company a stock-swap valued at $3.8 billion.The acquisition of The Learning Company gives Mattel such software titles as Reader Rabbit, Carmen Sandiego, Riven and Myst. Mattel has been transitioning itself from a toymaker into more interactive items.

In a statement Mattel said it will now have $1 billion interactive software business with The Learning Company's $850 million in estimated 1998 sales in the fold.

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