Pegasus Barbie

Is this even possible? Not now, no.

Will it ever be? Definitely maybe:

Hasbro has made a bid to acquire rival toymaker Mattel, according to a new report.

According to the New York Times, Hasbro made the takeover offer in recent months and while details about the offer are unknown as is whether or not Hasbro and Mattel have been in any further talks about the offer, a deal would combine the two largest U.S. toymakers in more than two decades.

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. 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 last year. The toymaker’s stock has also taken a hit, falling 52 percent over the past year while Hasbro’s shares have increased 8 percent. Despite the financial concerns, Mattel’s ownership of valuable brands makes the toymaker ripe for takeover by Hasbro.

What does EQD’s Sethisto think about all this?

How will this effect pony? Probably not much. Aside from me wishing I could go back in time and tell past me to invest everything into Hasbro stocks 6 years ago. That would have been nice.

Sounds like Sethisto, to be sure.

Update: Mattel is not interested, for now.

Leave a Reply

Your email address will not be published. Required fields are marked *