Mattel shares rise after reports of takeover interest from Authentic Brands Group

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Mattel shares surged nearly 20% on Thursday after the Wall Street Journal reported that the toymaker had attracted takeover interest from Authentic Brands Group. The brand licensing company has privately discussed an offer that could value Mattel at more than $20 per share, or around $6 billion. Discussions remain very preliminary, according to a source familiar with the matter. Separately, Mattel announced Wednesday that Roger Lynch, current CEO of Condé Nast, will become chairman on Oct. 2 and CEO by Nov. 2, succeeding Ynon Kreiz.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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