Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Hi Fellow Fools,

We've had reports of merger talks before, but Mattel has never been in this dire a position. At this point, the Barbie car is being repossessed and the Dream House is in foreclosure:

Mattel recently reported third-quarter financial results so dismal that it suspended its dividend and announced drastic cost cutting to shore up its financial position. Now, it seems the company's fiercest rival may be joining the game.

The Wall Street Journal is reporting that Hasbro has made a bid for its ailing competitor, which had seen its market value fall by half this year alone. While terms of the offer have not been disclosed, Mattel had a market cap of about $5 billion before the report surfaced.

Long HAS and MAT
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.