If a deal were reached, it would create a huge powerhouse in the toy industry, uniting Monopoly, Nerf and My Little Pony brands from Hasbro with Mattel's Hot Wheels and iconic Barbie.
Most kids don't care about the difference between Hasbro and Mattel - and according to new reports, the two companies might soon become one.
Combining could be beneficial for both businesses as it would give them more pricing power to negotiate with entertainment studios over TV and movie franchises. Despite the financial concerns, Mattel's ownership of valuable brands makes the toymaker ripe for takeover by Hasbro.
Record-low temperatures set to sock NYC
Wrap up warm this weekend: temperatures in the capital are about to plummet, as a mass of Arctic air moves across the UK. A little warmup on Sunday with temperatures back in the upper 40s and a chance for rain showers by Sunday evening.
Fantasy College Football Breaking News
Player of the game: Bryce Love - the Stanford junior running back had 30 carries for 166 yards and three touchdowns. I hate to predict two Stanford losses in a row, but last week's game didn't give me any reason not to.
Hasbro, Inc. shares closed at $91.45 on Friday, up $2.76 (+3.11%). Last month, Mattel said the toy retailer's bankruptcy - a result of shifting consumer preference for electronic toys and e-commerce - was a factor in the company's third quarter results and Mattel's sales have fallen 13 percent since previous year. Mattel's shares have slumped 47 percent this year, valuing the company at $4.8 billion and making it more vulnerable as a takeover target. Meanwhile Hasbro's stock is up almost 15% in the previous year.
The takeover offer comes as Mattel has encountered weak sales following the September bankruptcy of Toys "R" Us, the U.S.'s largest toy retailer. Mattel's stock fell to its lowest level since 2009 that day. The terms of a potential deal couldn't be learned, and as always, there may not be one.
Hasbro and Mattel have had talks several times over the years, including in 1996 and again sometime in late 2015.
EPA Greenlights Experimental Mosquito Control
Other mosquito species and insects will not be affected, said Stephen Dobson, the company's founder. Before the ZAP Males can be used, it they must be registered in those state or the district.
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The World Cup Playoff matches in Europe have begun, with Croatia and Switzerland taking huge leads to carry into the second legs. Not exactly fair, but enough to give Switzerland a huge advantage en route to the second leg on Sunday in Basel.
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Not by coincidence, the title of her book is " Hacks ". "I don't want the Dianne Feinsteins and Nancy Pelosi to leave the room". Brazile said she sure hoped each and every member of the audience would buy a copy of the book for $28, plus tax.